{"id":116894,"date":"2025-12-01T10:56:26","date_gmt":"2025-12-01T10:56:26","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=116894"},"modified":"2025-12-01T10:56:26","modified_gmt":"2025-12-01T10:56:26","slug":"bitcoin-plummets-by-6k-daily-as-these-altcoins-dump-by-double-digits-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=116894","title":{"rendered":"Bitcoin Plummets by $6K Daily as These Altcoins Dump by Double Digits: Market Watch"},"content":{"rendered":"

December starts with a bang, but in the wrong direction, as bitcoin dumped once again by several grand in the span of just a few hours without an apparent catalyst.<\/p>\n

The altcoins have followed suit, with ETH losing the $3,000 and $2,900 levels, while XRP found some support at $2.00.<\/p>\n

BTC Drops Below $86K<\/h2>\n

The primary cryptocurrency bottomed at $80,500 on November 21 and began a gradual recovery in the following ten days. It bounced to $84,000 during that weekend and surged to $88,000 by Wednesday. Although it was stopped there at first, it managed to break through and even reclaimed<\/a> the $90,000 resistance as the trading week came to an end.<\/p>\n

The bulls kept the pressure on last Friday when they drove bitcoin to a 7-day peak of over $93,000. The overall market sentiment started to change as many anticipated another rally toward $100,000. That, however, has turned out to be a distant dream<\/a>, at least for now.<\/p>\n

Bitcoin was immediately rejected at $93,000 and driven to around $91,000, where it spent most of the weekend until the early hours of the Asian trading session. At the time, BTC started to nosedive rapidly and dumped to under $86,000 for the first time in several days.<\/p>\n

Although it has recovered around a grand since then, BTC is still 5% down on the day. Its market cap has slipped to $1.730 trillion, while its dominance over the alts is above 57%.<\/p>\n

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

Alts With Big Declines<\/h2>\n

The altcoins are deep in the red today as well. ETH has dropped by over 5% and now struggles below $2,850. XRP is down<\/a> by almost 7% and sits beneath $2.05. BNB, SOL, DOGE, ADA, LINK, and HYPE have marked even more violent declines of up to 8%.<\/p>\n

ZEC continues with its recent correction. Another 19% drop has driven it to $365. Recall that the asset flew past $700 not so long ago. RAIN is the only exception from the larger-cap alts. It\u2019s up by over 12% and trades above $0.008.<\/p>\n

The cumulative market cap of all crypto assets has shed nearly $200 billion in a day and stands around $3 trillion as of now.<\/p>\n

<\/a>Cryptocurrency Market Overview December 1. Source: QuantifyCrypto<\/p>\n

\u00a0<\/p>\n

The post Bitcoin Plummets by $6K Daily as These Altcoins Dump by Double Digits: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

December starts with a bang, but in the wrong direction, as bitcoin dumped once again by several grand in the span of just a few hours without an apparent catalyst. The altcoins have followed suit, with ETH losing the $3,000 and $2,900 levels, while XRP found some support at $2.00. BTC Drops Below $86K The […]<\/p>\n","protected":false},"author":0,"featured_media":116895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-116894","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\/116894"}],"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=116894"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/116894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/116895"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=116894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=116894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=116894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}