Over $1 billion in leveraged positions were also wiped out in the past 24 hours.

The persistent market weakness comes amid the U.S. government reopening and lingering inflation concerns.

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BTC and ETH are trading relatively flat while altcoins are mixed.

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Crypto market capitalization fell 2% today to $3.62 trillion, with most major assets showing mild losses.

The gains also came after Trump proposed a $2,000 payout to Americans.

ZEC is up 35% on the day, and has gained a whopping 1,700% over the past three months.

Crypto markets are set to close the week in the red, with total crypto capitalization at $3.49 trillion.