{"id":11836,"date":"2024-10-06T08:25:29","date_gmt":"2024-10-06T08:25:29","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=11836"},"modified":"2024-10-06T08:25:29","modified_gmt":"2024-10-06T08:25:29","slug":"these-alts-dumped-the-most-weekly-as-bitcoin-btc-calms-at-62k-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=11836","title":{"rendered":"These Alts Dumped the Most Weekly as Bitcoin (BTC) Calms at $62K (Weekend Watch)"},"content":{"rendered":"

Bitcoin\u2019s price movements have calmed over the weekend, somewhat expected, and the asset stands still at around $62,000.<\/p>\n

Most alts have performed in a similar fashion since Friday, but the weekly landscape is quite painful, with several double-digit losers.<\/p>\n

BTC Stalls at $62K<\/h2>\n

It\u2019s safe to say that it wasn\u2019t a good week for the primary cryptocurrency. It stood above $66,000 last Sunday but its troubles began as soon as Monday with a nosedive to $63,000. The situation worsened mid-week amid the escalating tension in the Middle East. This culminated<\/a> on Wednesday and Thursday with a few price dips below the coveted $60,000 level.<\/p>\n

Nevertheless, the bulls managed to defend that level and pushed bitcoin north. Since that multi-week low on Thursday, the cryptocurrency has regained about two grand and now stands around<\/a> $62,000. Its movements during the weekend have been quite dull.<\/p>\n

Still, bitcoin is down by more than 5% in the past week. This means that its market dominance has plunged from over $1.3 trillion to $1.225 trillion now. Its dominance over the alts, though, has increased during the same period to 54.3% on CG.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 06.10.2024. Source: TradingView<\/p>\n

XRP, DOGE Lead on the Way Down<\/h2>\n

Ripple\u2019s native token was frequently in the news during the week. Although it started positively with a filing for an XRP ETF, the SEC was quick to halt the enthusiasm by filing an appeal<\/a> against a 2023 court decision about the secondary sales of the asset.<\/p>\n

This had a dramatic impact on its price as it tumbled by 15% within less than a day from over $0.6 to $0.51. XRP is still down by double digits on a weekly scale, even though it has recovered slightly to $0.53.<\/p>\n

The other notable losers on a weekly scale from the larger-cap alts include DOGE (-13.7%), ADA (-11.4%), SHIB (-11.4%), DOT (-12.4%), NEAR (-12.2%), and more.<\/p>\n

The total crypto market cap lost over $150 billion at one point during the week but has regained some traction and is now at $2.250 trillion on CG.<\/p>\n

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

The post These Alts Dumped the Most Weekly as Bitcoin (BTC) Calms at $62K (Weekend Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price movements have calmed over the weekend, somewhat expected, and the asset stands still at around $62,000. Most alts have performed in a similar fashion since Friday, but the weekly landscape is quite painful, with several double-digit losers. BTC Stalls at $62K It\u2019s safe to say that it wasn\u2019t a good week for the […]<\/p>\n","protected":false},"author":0,"featured_media":11837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11836","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\/11836"}],"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=11836"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/11837"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}