The past few days in the Bitcoin and crypto market have had a forceful impact from the bears. The prices of most of the crypto assets have been tolling to the south beyond expectation. In addition, the entire market is experiencing a decline due to the collapse of the FTX exchange. Related Reading: These Bitcoin Metrics Signal A Capitulation Event Is Near The outcome of the recent events has raised more doubts in the crypto space. Bitcoin is dipping drastically and has gone below the $16K region. However, the altcoins are not left in the bearish trend. Lots of the assets have gone below their critical resistance levels, signifying a potential emergence of draught in the crypto market. Following the continuous decline, the crypto market has lost about $60 billion in just two days. This has pushed the cumulative market cap to dip below $800 billion. The value sits at $785.71 billion at the press time, indicating a 1.53% drop over the past 24 hours. For the past fortnight since the FTX fiasco, the crypto market has lost approximately $300 billion. ..
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