Crypto Market Collapse Continues with Ethereum on Brink of $2,000

The crypto market has taken a significant hit, with its total market capitalization plummeting to $2.67 trillion from over $3 trillion just days ago.

In the past 24 hours alone, the market has lost over 7% in value, continuing a brutal sell-off that has left investors on edge.

Ethereum (ETH) has been particularly hard hit, trading at $2,150 and perilously close to its crucial $2,000 support level.

ETH has lost 9% in the past 24 hours and 23% in the past week, making it one of the worst-performing major cryptocurrencies.