Bitcoin lost its 200-day average at one point, dragging most cryptocurrencies lower

Bitcoin fell more than 8% at one point to $45,773, losing its 200-day average and has fallen a cumulative 30% from its all-time high. As of writing, bitcoin was down about 4% intraday to $46,000.

Led by bitcoin's decline, most cryptocurrencies are underperforming, with ethereum down 5.3%, coinancoin down 6%, Solana down 7.6%, Polkadot down 8.3%, dogcoin down 4.8%, Terra down 11%, fagcoin down 6.17%, Decentraland down 9%, and The Sandbox down 9.9%.