Bitcoin, Ethereum, and the other leading cryptocurrencies collapsed over the weekend, erasing mild gains made during the week prior. According to CoinMarketCap, the global crypto market cap is down to $1.03 trillion, a 7.5% drop. Bitcoin is down 18% in the past seven days and has fallen below $26,000 to $25,513, its lowest point of 2022 and a 12-month low.