Internet Computer (ICP) has recorded the biggest loss among 60 major cryptocurrencies, with a drawdown of 99.69% from its all-time high of $700. The token now trades just above $2, after peaking in May 2021 during the last bull run. Its market capitalization stands at approximately $1.2 billion. During the recent August altcoin rally, ICP only gained 7.56%, while the ICP/BTC ratio dropped 11.4%, signaling persistent relative weakness. The $2 support level is now at risk.
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