Bitcoin’s continuous rally that started earlier this week finally came to a halt at $96,000 as the asset failed to breach that level and has dropped by around two grand since then.
Many altcoins have produced even more painful declines over the past 24 hours, including SOL, DOGE, ADA, and SHIB.
Alts Retrace
Most altcoins have dropped even more over the past day than BTC. In fact, only ETH and TRX are slightly in the green from the larger caps.
In contrast, some of yesterday’s top performers, such as PEPE and SHIB, have dropped by well over 5% each. ADA, SOL, DOGE, LINK, AVAX, and XRP are also in the red.
The cumulative market capitalization of all crypto assets has declined by around $40 billion since yesterday and roughly $70 billion since the Friday peak.
