{"id":169656,"date":"2026-05-23T09:03:58","date_gmt":"2026-05-23T09:03:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=169656"},"modified":"2026-05-23T09:03:58","modified_gmt":"2026-05-23T09:03:58","slug":"bitcoin-sees-new-monthly-low-ethereum-dips-to-2k-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=169656","title":{"rendered":"Bitcoin Sees New Monthly Low, Ethereum Dips to $2K: Weekend Watch"},"content":{"rendered":"

After it was rejected at $78,000 earlier this week, bitcoin\u2019s troubles worsened with a nosedive to a monthly low of just over $74,000, where it finally found some support.<\/p>\n

Most altcoins have followed suit on the way down, with ETH dipping to $2,000 today, BNB going down to $640, and XRP sliding to $1.31.<\/p>\n

BTC Charts Monthly Low<\/h2>\n

The progress made<\/a> on the CLARITY Act at the end of the previous week resulted in an impressive but short-lived BTC price pump that drove the asset to $82,000. However, it was almost immediately rejected at that level for the second time that week, but this correction has been a lot more painful.<\/p>\n

The cryptocurrency first slipped<\/a> to $79,000 by that Friday before it dropped to $78,000 during the weekend. The business week began on the wrong foot with a nosedive to $76,000. After it bounced to $78,000 on Tuesday and Wednesday, the bears stepped up on the gas pedal once again and didn\u2019t allow a more impressive rebound.<\/p>\n

Just the opposite; bitcoin dropped to $76,000 yesterday evening and kept plunging on Saturday to $75,000 at first and then to $74,200 minutes ago<\/a>. The latter became BTC\u2019s lowest price point in just over a month. Here are some possible reasons<\/a> for its $8,000 drop in less than 10 days.<\/p>\n

For now, its market capitalization has dumped below $1.5 trillion on CG, while its dominance over the alts has retreated slightly to 58%.<\/p>\n

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

Alts Bleed Out<\/h2>\n

As mentioned above, bitcoin\u2019s correction is not an isolated case. Essentially, the entire larger-cap altcoin field is in the red today. Ethereum dipped to $2,000 earlier today before it jumped slightly to $2,025 as of now. BNB is down to $640, XRP struggles to remain above $1.30, while SOL has plunged by over 6%.<\/p>\n

Similar or more painful declines come from DOGE, HYPE, ZEC, ADA, BCH, LINK, SUI, and many others.<\/p>\n

The cumulative market cap of all crypto assets has shed $100 billion since Thursday and is down to $2.570 trillion on CoinGecko.<\/p>\n

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

\u00a0<\/p>\n

The post Bitcoin Sees New Monthly Low, Ethereum Dips to $2K: Weekend Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

After it was rejected at $78,000 earlier this week, bitcoin\u2019s troubles worsened with a nosedive to a monthly low of just over $74,000, where it finally found some support. Most altcoins have followed suit on the way down, with ETH dipping to $2,000 today, BNB going down to $640, and XRP sliding to $1.31. BTC […]<\/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-169656","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/169656"}],"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=169656"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/169656\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=169656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=169656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=169656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}