These ALTCOINS Extend Losses as BTC Faced Rejection at $100KK(Weekend Watch).
Bitcoin's tumultuous journey continues as it faced a sharp rejection at the $100,000 mark, dropping over $4,000 in a matter of hours. The market remains volatile, with $BTC unable to hold above the critical level.
The broader altcoin market isn't faring any better, experiencing
significant double-digit losses over the past week. ETH, a key
player in the space, saw a 4% decline in the last day alone,
struggling to maintain its position above $2,600. Other major
altcoins like $LINK, $SUI, $AVAX, ADA, and XMR have also faced substantial downturns, with losses reaching up to 7%.
Among the popular meme coins and other large-cap altcoins,
$DOGE, $BNB, $SOL, and $HBAR are also in the red, though
with less severe drops. On a slightly positive note, $XRP and
$TRX have managed minor gains over the past day.
The overall crypto market capitalization has taken a hit, losing an additional $80 billion and now stands at $3.250 trillion. As $BTC continues to struggle, its dominance over the altcoins has reached nearly 59%, reflecting the broader market's struggles.
Investors and traders should remain cautious and consider risk management strategies in this volatile environment. Monitoring market trends and staying informed is crucial for making data-driven decisions that can help navigate these turbulent times.