Bitcoin's price has faced significant rejection at the $100,000 level, causing it to drop by over $4,000 in just a few hours. However, altcoins have fared even worse, with many experiencing double-digit losses on a weekly basis. The week started with a price slump for Bitcoin due to Trump's tariffs, and although it briefly spiked above $102,000, it quickly fell back down. The market capitalization of Bitcoin is close to falling below $1.9 trillion, but its dominance over altcoins remains high. Many large-cap altcoins, such as Ethereum, Chainlink, SUI, AVAX, ADA, and XMR, have also experienced significant declines. Overall, the total crypto market cap has decreased by $80 billion in one day.
Content Editor ( cryptopotato.com )
- 2025-02-08
These Altcoins Extend Losses as BTC Faced Rejection at $100K (Weekend Watch)
