Crypto Market Value Drops Below $1 Trillion

According to data from CoinMarketCap, the more than 10% drop in the price of Bitcoin since Friday, August 19 has negatively affected the entire market. As a matter of fact, the crypto market capitalization has fallen below USD 1 trillion.

Ethereum (ETH), the second-largest crypto asset by market capitalization, has also fallen 3.97% in the last 24 hours and nearly 17% across all markets in the last week, despite a Merge upgrade on the horizon.