Bitcoin’s price drops continued in the past 24 hours, with the asset falling below $28,000 for the first time since April 9.

The altcoins are also deep in the red. The total market cap has lost almost $90 billion in the past two days.

BTC Slides Under $28K

Bitcoin was trading sideways during the weekend, and it wasn’t until Tuesday that it finally made a move, dropping by a grand to $29,100. However, the bulls quickly intercepted the move and pushed the asset north, which helped it reclaim the coveted $30,000 line.

The landscape started to change shortly after, though, as BTC slumped by a grand in minutes. That was just the start, though, as the bears pushed it further south in the past 24 hours. This resulted in breaking below $28,000 for the first time in almost two weeks.

Despite recovering a few hundred dollars since then, BTC still struggles to maintain $28,000. It’s roughly 3% down on the day and over 8% on a weekly scale.