Bitcoin and many altcoins have experienced significant price losses in the past 48 hours. Bitcoin, which recently reached new yearly highs above $102,000, dropped to under $93,000 multiple times. The decline began after the US announced its latest jobs report, causing bitcoin to plummet from six-digit territory to under $97,000. The bears continued pushing BTC south, resulting in a weekly low of $92,500. Bitcoin briefly rebounded to $95,000 but turned negative due to ETF flows, losing nearly $600 million. As of now, BTC is just above $93,000 and has lost nearly $10,000 since Tuesday morning. The crypto market cap has dropped below $1.850 trillion, but BTC still dominates over 54% of the market. Altcoins, including Cardano's ADA, DOGE, AVAX, LINK, and XLM, have also experienced significant price declines, with losses of up to 8%. AI16Z and WIF have seen the biggest decreases, tumbling by 19% and 14% respectively. In total, the crypto market cap has lost over $350 billion in two days and is now at $3.4 trillion.



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