CandleFocus These Altcoins Dumped the Most as Bitcoin (BTC) Slumped to $65.5K (Weekend Watch)
2024-10-26
Author: Content Editor
Bitcoin experienced significant price volatility, dropping by $3,000 in a matter of minutes before recovering to around $67,000. This led to a total loss of around $70 billion in the overall cryptocurrency market cap. The initial price jump on Monday was followed by declines throughout the week, with a report suggesting a US government investigation into Tether causing further fluctuations. Altcoins were also impacted, with Ethereum, Binance Coin, Tron, Ripple, Bitcoin Cash, Cardano, and meme coins like SOL, DOGE, TON, AVAX, LINK, and SHIB all seeing losses ranging from 1% to 5.3%. The total crypto market cap now stands at $2.37 trillion.
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