The total crypto market capitalization has fallen sharply to $2.32 trillion. The decline has wiped out roughly 17% of the market value in less than three weeks.

Bitcoin (BTC) trades near $67,400, down 4.5% on the day, with Ethereum (ETH), BNB, Solana (SOL), and XRP also red. Sentiment has flipped to fear as traders question where the bottom may form.

Weekly Chart Shows Rejection at $2.7 Trillion and a Channel Breakdown

The weekly chart for the total crypto market cap confirms a clear bearish structure. Price was rejected at the major resistance zone near $2.7 trillion. That level has flipped between support and resistance multiple times since 2022.

This week’s candle has fallen by…