{"id":117214,"date":"2025-12-02T10:04:52","date_gmt":"2025-12-02T10:04:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=117214"},"modified":"2025-12-02T10:04:52","modified_gmt":"2025-12-02T10:04:52","slug":"zecs-massive-correction-continues-btc-recovers-from-sub-84k-drop-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=117214","title":{"rendered":"ZEC\u2019s Massive Correction Continues, BTC Recovers From Sub-$84K Drop: Market Watch"},"content":{"rendered":"

Bitcoin\u2019s price tumbled once again on Monday, losing over seven grand from top to bottom before it finally bounced off to around $87,000.<\/p>\n

Most alternative coins also suffered, with ETH slipping to $2,800 and XRP testing the crucial $2.00 support. XMR, ZEC, and CC have plunged hard over the past 24 hours.<\/p>\n

BTC Rebounds<\/h2>\n

The primary cryptocurrency bottomed on November 21 at under $81,000 after losing more than $25,000 in the previous 10 days. Its gradual recovery began that weekend with an increase to $84,000. The business week was more successful as the asset jumped to $88,000 by Wednesday and managed to break through that level in the evening.<\/p>\n

The bulls drove it to a weekly high of over $91,000 on Tuesday and another local top of more than $93,000 on Friday. After regaining nearly $13,000 in less than a week, the cryptocurrency faced some pressure and was pushed south. It spent the following 48 hours trading sideways in a narrow range between $91,000 and $93,000.<\/p>\n

However, another leg down took place on Monday morning. In just a few hours, bitcoin slumped<\/a> from $91,000 to under $86,000, losing five grand in he process. It bounced at first but then dropped<\/a> once again, this time to a new 10-day low of $83,800 (on most exchanges).<\/p>\n

It reacted well to the latest decline and has jumped by roughly $3,000 since then, trading close to $87,000 as of press time. Its market cap has stalled at $1.730 trillion on CG, while its dominance over the alts is up to 57.3%.<\/p>\n

<\/a>BTCUSD December 2. Source: TradingView<\/p>\n

ZEC, XMR, CC Down<\/h2>\n

Ethereum followed BTC on the way south yesterday and has failed to stage a meaningful recovery since its weekly lows. It now struggles at $2,800 after another 1.3% daily decline. The $2.00 support held<\/a> for XRP, but the asset is testing it now again. DOGE, SOL, LINK, XLM, and HBAR are also in the red daily.<\/p>\n

The biggest price losses come from ZEC, which has slumped by another 11% daily, CC (down by over 11%), and XMR (6.6% drop to $390).\u00a0In contrast, PUMP and SKY have gained over 6%, while HASH has rocketed by 14% to $0.023.<\/p>\n

The total crypto market cap has remained above $3 trillion, but it\u2019s still down by $150 billion since Sunday.<\/p>\n

<\/a>Cryptocurrency Market Overview 02.12. Source: QuantifyCrypto<\/p>\n

The post ZEC\u2019s Massive Correction Continues, BTC Recovers From Sub-$84K Drop: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price tumbled once again on Monday, losing over seven grand from top to bottom before it finally bounced off to around $87,000. Most alternative coins also suffered, with ETH slipping to $2,800 and XRP testing the crucial $2.00 support. XMR, ZEC, and CC have plunged hard over the past 24 hours. BTC Rebounds The […]<\/p>\n","protected":false},"author":0,"featured_media":117215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-117214","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\/117214"}],"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=117214"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/117214\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/117215"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=117214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=117214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=117214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}