CandleFocus These Altcoins Bleed Out the Most as Bitcoin (BTC) Dipped to $58K (Market Watch)
2024-09-16
Author: Content Editor
Bitcoin's price has fallen to around $58,000 after a period of notable increases. Altcoins have also declined, resulting in a total market cap loss of over $60 billion. Bitcoin briefly broke above $60,000 before experiencing a dip on Monday. It has since recovered to trade at just over $59,000. The US Federal Reserve's FOMC meeting is anticipated to impact financial markets. Bitcoin's market cap is now $1.165 trillion with a dominance of 54.3% over altcoins. Other altcoins, including Ethereum, SOL, DOGE, LINK, BCH, XRP, TON, AVAX, and SHIB, have also seen declines. Cardano has slipped by almost 5%, while TRX has seen a minor increase of 1.5% and SUI has surged by 5.5%. The cumulative market cap dropped by over $80 billion but has since recovered to $2.145 trillion.
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