{"id":137347,"date":"2026-02-23T10:59:15","date_gmt":"2026-02-23T10:59:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=137347"},"modified":"2026-02-23T10:59:15","modified_gmt":"2026-02-23T10:59:15","slug":"these-altcoins-bleed-out-the-most-as-bitcoin-dipped-to-17-day-low-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=137347","title":{"rendered":"These Altcoins Bleed Out the Most as Bitcoin Dipped to 17-Day Low: Market Watch"},"content":{"rendered":"

Bitcoin\u2019s weekend calmness came to an end once the legacy futures markets opened, and the asset tumbled below $64,500 for the first time in over two weeks before bouncing back by a couple of grand.<\/p>\n

Most altcoins followed suit, with SOL, HYPE, and BCH being among the worst performers from the larger caps.<\/p>\n

BTC Dipped Below $64.5K<\/h2>\n

The previous weekend was a lot more positive for the primary cryptocurrency as it jumped past $70,000 and to almost $71,000 for the first time in about a week. However, the downtrend began on Monday with a rejection and a retracement to under $67,500. After a few unsuccessful rebound attempts, BTC slipped once again on Thursday to $65,600.<\/p>\n

The bulls finally intervened at this point and helped bitcoin recover to almost $69,000 during the weekend. It remained in a tight range between $67,500 and $68,500 for most of Saturday and Sunday.<\/p>\n

However, there was an elephant in the room that had to be addressed. After the US Supreme Court ruled against some of his tariffs, President Trump imposed<\/a> a new global taxation of 10%, which he later wanted to raise to 15%.<\/p>\n

Although BTC remained unfazed at first, it started to unravel<\/a> once the legacy futures market opened late on Sunday and early Monday. In the span of an hour or so, bitcoin slumped by four grand to a 17-day low of $64,300, leaving<\/a> millions in liquidations.<\/p>\n

It reacted well to this crash<\/a> and now sits above $66,000. Nevertheless, it\u2019s still 2.5% down on the day, and its market cap has slipped to $1.325 trillion on CG. Its dominance over the alts stands close to 56.5%.<\/p>\n

<\/a>BTCUSD Feb 23. Source: TradingView<\/p>\n

Alts Bleed Out<\/h2>\n

Ethereum fell from almost $2,000 to $1,850 before it bounced to just over $1,900 as of now. XRP is down by over 2% to $1.40. BNB, DOGE, ADA, and LINK have marked similar losses. Even more painful declines are evident from BCH, SOL, and HYPE, with losses of up to 6%.<\/p>\n

In contrast, PIPPIN has skyrocketed by over 23% daily to over $0.72. The asset has defied the broader market\u2019s correction once again. TON and M are also slightly in the green.<\/p>\n

The total crypto market cap, though, has lost over $60 billion and is down to $2.350 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview Feb 23. Source: QuantifyCrypto<\/p>\n

The post These Altcoins Bleed Out the Most as Bitcoin Dipped to 17-Day Low: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s weekend calmness came to an end once the legacy futures markets opened, and the asset tumbled below $64,500 for the first time in over two weeks before bouncing back by a couple of grand. Most altcoins followed suit, with SOL, HYPE, and BCH being among the worst performers from the larger caps. BTC Dipped […]<\/p>\n","protected":false},"author":0,"featured_media":137348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-137347","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\/137347"}],"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=137347"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/137347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/137348"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=137347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=137347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=137347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}