{"id":110241,"date":"2025-11-04T10:27:49","date_gmt":"2025-11-04T10:27:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=110241"},"modified":"2025-11-04T10:27:49","modified_gmt":"2025-11-04T10:27:49","slug":"bitcoin-altcoins-take-another-beating-privacy-coins-buck-the-trend-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=110241","title":{"rendered":"Bitcoin, Altcoins Take Another Beating: Privacy Coins Buck the Trend (Market Watch)"},"content":{"rendered":"

Bitcoin\u2019s early-November slump continues in full force as the asset plunged below $104,000 to mark a multi-month low (on most exchanges).<\/p>\n

The altcoins have been battered even more, aside from a few privacy coins, which have registered impressive gains.<\/p>\n

BTC Dives Below $104K<\/h2>\n

It was a week ago when the primary cryptocurrency tested the $116,000 resistance on a couple of occasions, but to no avail. The rejection following the second attempt was particularly painful as the asset slumped to $112,000 a day later. Then came the US Fed\u2019s decision to lower the interest rates, which is typically regarded as a bullish development for risk-on assets.<\/p>\n

However, BTC dropped once again, this time to under $110,000. After a brief and unsuccessful recovery attempt, the cryptocurrency initiated<\/a> another leg down and dipped to $106,000 at the end of the business week.<\/p>\n

It recovered some ground during the weekend and jumped to $111,000 on Sunday. However, the bears reemerged<\/a> on Monday and drove bitcoin south to under $106,000. The pain continued in the past 12 hours or so as BTC dumped<\/a> to just over $103,500 \u2013 the lowest level since late June (excluding the flash crash on Binance on October 17 to $101,000).<\/p>\n

This means that bitcoin\u2019s market cap has plummeted to $2.070 trillion on CG, while its dominance over the alts is up to 58.5%.<\/p>\n

<\/a>BTCUSD. Source: TradingView<\/p>\n

Privacy Coins Defy the Trend<\/h2>\n

As expected, most altcoins have posted even more painful declines than BTC over the past day. APT leads this negative trend with a massive 12% drop, followed by WLFI, TON, ATOM, CRO, KAS, BGB, ASTER, and many others.<\/p>\n

The larger caps are in no better shape. Ethereum has slumped below $3,500, BNB plunged to $950, and XRP is down to $2.26. ADA, LINK, SOL, HYPE, TRX, DOGE, BCH, and SUI are deep in the red as well.<\/p>\n

In contrast, DASH has skyrocketed by more than 70%, followed by ICP\u2019s 35% surge, and ZEC\u2019s 23% pump.<\/p>\n

The total crypto market cap has lost another $150 billion in a day and is down to $3.530 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post Bitcoin, Altcoins Take Another Beating: Privacy Coins Buck the Trend (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s early-November slump continues in full force as the asset plunged below $104,000 to mark a multi-month low (on most exchanges). The altcoins have been battered even more, aside from a few privacy coins, which have registered impressive gains. BTC Dives Below $104K It was a week ago when the primary cryptocurrency tested the $116,000 […]<\/p>\n","protected":false},"author":0,"featured_media":110242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-110241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110241"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=110241"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/110242"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}