Bitcoin experienced a brief price rally, reaching above $98,000, but was rejected and subsequently dropped by about $3,000. Altcoins have suffered even more, with some marking significant declines of up to 8%. Bitcoin had a volatile start to the week due to Trump's tariffs against China, Mexico, and Canada, and although it briefly tried to reclaim the $100,000 level on Friday, it was quickly halted. Currently, Bitcoin sits at around $96,000, with more volatility expected with the release of US CPI numbers. The market capitalization of Bitcoin has declined to $1.910 trillion, with its dominance over altcoins returning to 58.5%. Altcoins, including SUI, HBAR, AVAX, XLM, LINK, and DOGE, have experienced losses, while Ethereum, Ripple, Cardano, and Solana are also in the red, but to a lesser extent. The overall cryptocurrency market cap has seen over $80 billion lost in a day, falling below $3.3 trillion.
Content Editor ( cryptopotato.com )
- 2025-02-12
Altcoins Bleed Again as BTC Was Stopped at $98K Ahead of CPI Data (Market Watch)
