These Altcoins Pour More As Bitcoin (BTC) Drops Below $68,000 (Weekend Watch)

This weekend is a bit different from the status quo as BTC has seen a lot more volatility, mainly to the south.

Altcoins have suffered even more, with DOGE, APT, WIF and many others dropping more than 5% in the last day.

BTC dropped below $68,000

The trading week started on a very positive note for bitcoin as it moved from $67,500 to over $71,500 on Monday and Tuesday morning. The bulls continued to press the gas pedal, culminating in a price surge to $73,600 later on Tuesday. However, as BTC came within $150 of marking a new all-time high, the landscape began to change and the asset retreated to $72,000 on Wednesday.

More painful declines followed on Thursday and Friday, as the cryptocurrency fell to $68,800. It rebounded almost immediately and shot up to $71,600, but faced another rejection.

Bears pushed it south to $68,800 once again on Saturday, but remained persistent and bitcoin fell to a weekly low below $68,000 today.

It has regained some ground since then and is now trading near $68,500. However, it’s still down 2% on the day and its market cap has shrunk to $1.35 trillion. The good thing is that his dominance over the highs has increased to 56.6% in CG.

Bitcoin/Price/Chart 03.11.2024. Source: TradingView Alts Turn Red

The entire altcoin field turned red today, with ETH and BNB falling around 3% each. Consequently, ETH is now sitting below $2,450, while BNB is close to breaking below $560. Similar declines are evident in SOL, XRP, TRX, TON, LINK and BCH.

Even more painful performances come from ADA (-5%), AVAX (-6%) and Dogecoin (-7.5%). In fact, the biggest meme coin is the biggest loser of the last 24 hours from the biggest cap highs.

Further price drops come from BRETT (-9%), PYTH (-8%), MEW (-8%), ICP (-7.5%) and APT (-7%).

The total crypto market cap has lost another $60 billion overnight and is less than $2.4 trillion in CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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