The Crypto Market Has Tested the $2T Mark

The article says the broader crypto market tested the $2T capitalization level, falling from $2.12T to $2.02T before recovering to about $2.06T. Selling intensified after a new drop in stock indices, but cryptocurrencies stabilized as Europe trading opened, with US trading seen as the next test. Bitcoin briefly fell to around $58K before rebounding into the $60K area, suggesting strong dip-buying but also ongoing liquidation-driven volatility. The tone remains cautious: institutional investors are described as deteriorating in sentiment, and the market may face further pressure and intermittent sell-off spikes. The piece also notes mixed altcoin performance, with AAVE outperforming while Algorand, Polkadot and NEAR lagged.