{"id":166432,"date":"2026-05-16T10:18:21","date_gmt":"2026-05-16T10:18:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=166432"},"modified":"2026-05-16T10:18:21","modified_gmt":"2026-05-16T10:18:21","slug":"altcoins-crash-as-bitcoin-btc-dumps-to-2-week-low-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=166432","title":{"rendered":"Altcoins Crash as Bitcoin (BTC) Dumps to 2-Week Low: Weekend Watch"},"content":{"rendered":"

Bitcoin\u2019s impressive but brief price pump on Thursday evening came to a screeching halt as the asset has dumped by over $4,000 since then to a multi-week low of under $78,000.<\/p>\n

Essentially all larger-cap alts are in the red today, with HYPE, ZEC, SOL, SUI, LINK, and CC posting the biggest losses.<\/p>\n

BTC Dips Below $78K<\/h2>\n

The primary cryptocurrency rocketed to almost $83,000 on May 7, but it was stopped and driven south to $79,000 two days later. The bulls stepped up in the following days, once again, and drove the asset to $82,000 on a couple of occasions on Monday and Tuesday. However, it couldn\u2019t keep climbing, and the worrying inflation numbers in the US poured more oil on the fire.<\/p>\n

Bitcoin dipped to $78,800 on Wednesday after another rejection at $81,200. It sat there for a bit before it rocketed by several grand to $82,000 on Thursday. This impressive price rally was driven by the positive developments on the CLARITY Act in the US, as it finally passed<\/a> the Senate Banking Committee.<\/p>\n

This run was short-lived as the bears resumed control of the market. The past 12 hours or so have been particularly painful<\/a> as they managed to drive the cryptocurrency south to its lowest position since the start of the month at under $78,000.<\/p>\n

Its market capitalization has dipped to $1.560 trillion, while its dominance over the alts is up to 58.4% on CG.<\/p>\n

<\/a>BTCUSD May 16. Source: TradingView<\/p>\n

Alts Bleed Out<\/h2>\n

Most altcoins have followed BTC on the way south today. Ethereum is down by over 3.5% to a multi-week low of its own at $2,170. BNB is down by 4.5% to $650, while XRP struggles at around $1.40. Solana has plummeted by 5.5% to $6.<\/p>\n

HYPE has dumped the most from the larger-cap alts. After yesterday\u2019s surge<\/a>, the token has lost 10% of its value now and is fighting to stay above $40. ZEC, LINK, CC, SUI, and AVAX are also deep in the red.<\/p>\n

STABLE, VVV, and ENA have slumped by double-digits in the past day. The total crypto market cap has shed $100 billion since Thursday and is well below $2.7 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview May 16. Source: QuantifyCrypto<\/p>\n

\u00a0<\/p>\n

The post Altcoins Crash as Bitcoin (BTC) Dumps to 2-Week Low: Weekend Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s impressive but brief price pump on Thursday evening came to a screeching halt as the asset has dumped by over $4,000 since then to a multi-week low of under $78,000. Essentially all larger-cap alts are in the red today, with HYPE, ZEC, SOL, SUI, LINK, and CC posting the biggest losses. BTC Dips Below […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-166432","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/166432"}],"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=166432"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/166432\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=166432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=166432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=166432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}