Bitcoin Falls to Monthly Low of $74,200, Ethereum Hits $2,000

2026-05-23 17:25

Bitcoin has plunged to a monthly low of $74,200 after being rejected at $78,000 earlier this week. This marks a significant drop from its recent high of $82,000, driven by the CLARITY Act's progress. The cryptocurrency's market capitalization has fallen below $1.5 trillion, with its dominance over altcoins slightly reduced to 58%. The downturn is not limited to Bitcoin, as major altcoins have also suffered declines. Ethereum briefly dipped to $2,000 before recovering slightly to $2,025. Binance Coin (BNB) fell to $640, and XRP dropped to $1.31. The overall cryptocurrency market has lost $100 billion since Thursday, bringing the total market cap down to $2.570 trillion.

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