BTC Plummets Below $26K as PEPE Suffers Weekly Losses of Over 20% (Market Watch)

Status
Not open for further replies.

THETA

Super Mod
Super Mod
Moderator
Jul 9, 2023
513
979
0
Bitcoin’s price has remained sluggish, dropping below $26,000. Several altcoins, including XRP, ADA, DOGE, and DOT, have also experienced minor losses. Bitcoin’s recent price movements have been unusual, with a significant drop on August 17 to a two-month low of $25,300. It briefly recovered but has since remained around $26,000. Monday started with a slight dip below $26,000, and its Market cap is now $505 billion, with dominance over altcoins stagnant at 48.3%.

One Altcoin that experienced a significant drop last week is PEPE, following suspicious transfers and internal problems. It fell by over 20% in a day and has struggled to recover. As a result, PEPE has seen a 22% weekly drop, with a 3% daily decline. Other larger-cap altcoins, such as ETH, BNB, and TRX, have also experienced losses, albeit in a more modest manner.

The total cryptocurrency market cap has decreased by about $10 billion in a day. However, it’s important to note that the information presented should not be considered as financial advice. Readers are advised to conduct their own research before making any Investment decisions..

”altcoins”


#PEPEs #Weekly #Losses #Exceed #BTC #Slips #26K #Market #Watch
 
Status
Not open for further replies.