These Altcoins Bleed Out as Bitcoin (BTC) Slips Toward $102K (Market Watch)
LINK is among the poorest performers today.
Bitcoin’s price movements worsened in the past 24 hours as the asset lost the $105,000 level and dropped by about three grand.
The altcoins have also turned red on a daily scale, with ETH sliding to $2,300, DOGE dropping to $0.35, and ADA losing the $1 level.
BTC Slips
The weekend went quite favorably for the primary cryptocurrency, as its price remained above $100,000 during the TRUMP-token wild ride. The landscape was quite different on Monday, at least during the morning Asian trading session.
BTC headed south as the day started and dumped from $106,000 to just under $100,000. After this massive price decline, though, came the bounce-off, which propelled the cryptocurrency to over $109,000 for the first time ever.
Following the latest all-time high, bitcoin started to lose value , which culminated during the Trump inauguration speech. As he failed to mention crypto or bitcoin even once, BTC slumped by several grand once again.
Nevertheless, it recovered some ground on Wednesday and stood at around $105,000. The past 24 hours have been painful again, as BTC now sits at around $102,000. Its market cap has taken a hit, but it is still above $2 trillion, while the dominance over the alts is north of 55% on CG.
Alts in Red
Most alternative coins have headed south in the past 24 hours. Ethereum is close to breaking below $3,200 after a 2.6% daily decline. A similar decrease has pushed SOL to well below $250, while DOGE and ADA have dropped by more than 3%. Chainlink has lost the most value from the larger-cap alts, dropping by 6% to under $25.
Next in line in this adverse ranking are AVAX, SUI, and XLM, as well as PEPE, AAVE, VET, and CRO from the mid-cap alts.
The cumulative market capitalization of all cryptocurrency assets has seen just over $100 billion since yesterday and is down to $3.660 trillion on CG.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Buying Surge Driven by U.S. Investors
Bitcoin sees a strong buying trend among U.S. investors, signaling a healthy recovery pattern after recent corrections.A Healthy Post-Correction RallyWhat This Means for the Crypto Market

Here’s Why BlockDAG’s $293M Presale Makes It the Best Crypto to Buy, Bitcoin Holds, and Ondo Plays It Safe
Looking for the best crypto to buy right now? Discover how BlockDAG is disrupting the market with massive growth past $293M raised, while Bitcoin (BTC) holds firm, and Ondo builds trust.BlockDAG Powers Ahead with $293M Raised in Presale!Bitcoin (BTC): The Bedrock of CryptoOndo Finance: Bridging TradFi With Tokenized BondsFinal Thoughts

Guggenheim Taps XRP Ledger for Digital Debt Expansion
Guggenheim partners with Ripple to bring digital debt products to the XRP Ledger, signaling confidence in blockchain finance.Ripple Partnership Powers Blockchain IntegrationWhat It Means for Crypto and Traditional Finance

Siebert Financial Seeks $100 Million for Crypto and AI After SEC Nod
Trending news
MoreCrypto prices
More








