Aster price fell nearly 20% to break towards $1.00 as selling pressure mounted across the crypto market, with Bitcoin dropping below $106,000.
The decentralized exchange's governance token, Aster (ASTER), has erased significant gains, and broader risks could see bears take control.
Aster's parabolic gains in recent weeks are quickly fading in the rearview mirror as cryptocurrencies plummet.
Aster's sharp downturn extends a multi-day decline since bulls failed to hold onto gains near $1.60.
Author's summary: Aster price drops 20% amid crypto market sell-off.