The global crypto market cap slashes through $2T from its record peak of $3T in November, with bitcoin (BTC-USD) and ethereum (ETH-USD) making big moves to the downside. Bitcoin (BTC-USD -2.8%) slides to $41.6K per token and ether (ETH-USD -6.9%) falls to $3.1K. Some of the largest cryptos by market cap - including BTC and ETH - are down double digit percentage points in the past week, such as: binance coin (BNB-USD), solana (SOL-USD), cardano (ADA-USD), ripple (XRP-USD), terra (LUNA-USD), avalanche (AVAX-USD), dogecoin (DOGE-USD) and shiba inu (SHIB-USD). After the onset of 2022, the pace of cryptos' decline was exacerbated following the Fed minutes, which revealed a more hawkish tone from the central bank. Stocks and other risk assets also got slammed. Perhaps the riots and subsequent internet blackout in Kazakhstan are also impacting the price of bitcoin (BTC-USD) in particular given the country is the second largest home for
