Bitcoin‘s recent price rally came to a halt as the asset plummeted by over $1,000. This decline also affected alternative coins, with PEPE experiencing double-digit losses. The cryptocurrency had been Trading flat for several days, hovering around $27,000, but on Monday, the bulls took control and BTC surged past $28,000, reaching a six-week peak of $28,600. However, bitcoin couldn’t sustain its momentum and quickly started losing value, dropping below $27,400. Despite a slight recovery, the cryptocurrency is still down roughly 3% on the day.
The Market dominance of bitcoin over other altcoins remains strong at 49.4%, although its market cap has lost over $15 billion and is now below $540 billion. Ethereum, in particular, has been one of the worst-performing altcoins, with a nearly 5% decrease in value, falling below $1,700 again. Other cryptocurrencies such as Binance Coin, Ripple, Dogecoin, Tron, Toncoin, Polkadot, and Litecoin have also experienced losses, while SOL, ADA, and BCH have seen minor retracements.
In terms of the broader market, PEPE, a meme coin, has experienced the largest decline among the top 100 altcoins, dropping by 11% in a day. The total crypto market cap has erased most of its gains from yesterday and is currently below $1.1 trillion.
Investors should note that the information provided by CryptoPotato is the opinion of the quoted writers and does not represent the views of CryptoPotato. It is recommended that individuals conduct their own research before making any Investment decisions.
In conclusion, Bitcoin’s rally came to an abrupt halt as it experienced a significant drop in value, causing a ripple effect on alternative coins. Ethereum and other major altcoins also suffered losses. It remains to be seen how the cryptocurrency market will recover from this setback..
#Bitcoin #Rejected #28.5K #PEPE #Dumps #Daily #Market #Watch
The Market dominance of bitcoin over other altcoins remains strong at 49.4%, although its market cap has lost over $15 billion and is now below $540 billion. Ethereum, in particular, has been one of the worst-performing altcoins, with a nearly 5% decrease in value, falling below $1,700 again. Other cryptocurrencies such as Binance Coin, Ripple, Dogecoin, Tron, Toncoin, Polkadot, and Litecoin have also experienced losses, while SOL, ADA, and BCH have seen minor retracements.
In terms of the broader market, PEPE, a meme coin, has experienced the largest decline among the top 100 altcoins, dropping by 11% in a day. The total crypto market cap has erased most of its gains from yesterday and is currently below $1.1 trillion.
Investors should note that the information provided by CryptoPotato is the opinion of the quoted writers and does not represent the views of CryptoPotato. It is recommended that individuals conduct their own research before making any Investment decisions.
In conclusion, Bitcoin’s rally came to an abrupt halt as it experienced a significant drop in value, causing a ripple effect on alternative coins. Ethereum and other major altcoins also suffered losses. It remains to be seen how the cryptocurrency market will recover from this setback..
#Bitcoin #Rejected #28.5K #PEPE #Dumps #Daily #Market #Watch
