This weekend is somewhat different than the status quo, as BTC has experienced a lot more volatility, mainly heading south.
The altcoins have suffered even more, with the likes of DOGE, APT, WIF, and many others dropping by well over 5% in the past day.
BTC Slipped Below $68K
The business week started on a highly positive note for bitcoin as it jumped from $67,500 to over $71,500 on Monday and Tuesday morning. The bulls kept pushing the gas pedal, which culminated in a price surge to $73,600 later on Tuesday. As BTC came $150 away from marking a new all-time high, though, the landscape started to change, and the asset retreated to $72,000 by Wednesday.
More painful declines followed on Thursday and Friday, as the cryptocurrency dropped to $68,800. It bounced off almost immediately and soared to $71,600, but it faced another rejection.
The bears pushed it south to $68,800 once again on Saturday, but they remained persistent, and bitcoin fell to a weekly low of under $68,000 earlier today.
It has recovered some ground since then and now trades close to $68,500. Nevertheless, it is still 2% down on the day, and its market cap has declined to $1.350 trillion. The silver lining is that its dominance over the alts has jumped to 56.6% on CG.
Alts Turn Red
The entire altcoin field has turned red today, with ETH and BNB dropping by around 3% each. Consequently, ETH now sits below $2,450, while BNB is close to breaking below $560. Similar declines are evident from SOL, XRP, TRX, TON, LINK, and BCH.
Even more painful performances come from ADA (-5%), AVAX (-6%), and Dogecoin (-7.5%). In fact, the larger meme coin is the biggest loser over the past 24 hours from the larger-cap alts.
More price plummets come from BRETT (-9%), PYTH (-8%), MEW (-8%), ICP (-7.5%), and APT (-7%).
The total crypto market cap has shed another $60 billion overnight and is under $2.4 trillion on CG.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
