{"id":236611,"date":"2026-10-07T09:32:31","date_gmt":"2026-10-07T09:32:31","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=236611"},"modified":"2026-10-07T09:32:31","modified_gmt":"2026-10-07T09:32:31","slug":"these-altcoins-bleed-the-most-after-bitcoins-sudden-drop-below-84k-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=236611","title":{"rendered":"These Altcoins Bleed the Most After Bitcoin\u2019s Sudden Drop Below $84K: Market Watch"},"content":{"rendered":"

Bitcoin was rejected again at $87,000 on Monday, and the bears took it a step further earlier this morning, pushing it south hard to under $84,000.<\/p>\n

BTC\u2019s decline dragged most of the altcoins with it. Ethereum slipped below $2,600, XRP dumped further away from the $1.50 support, and HYPE is close to breaking below $90.<\/p>\n

BTC Below $84K<\/h2>\n

After the positive PCE data<\/a> last Wednesday, which sent BTC up and down within minutes, the asset went on the offensive on Friday. It had climbed above $86,000 even before the US jobs report went live, which was weaker-than-expected. The bulls initiated another leg up, driving the cryptocurrency to over $87,000.<\/p>\n

However, the bears stepped up at this point. Bitcoin slumped in the following hours and ultimately crashed below $84,000. It rebounded to just over that level on Saturday and climbed to $85,000 on Sunday. It tried to take down the crucial $87,000 support on Monday, but it was quickly stopped<\/a> and dipped to $85,000.<\/p>\n

Another breakout attempt followed on Tuesday, but BTC couldn\u2019t go<\/a> past $86,600 this time. It pulled back by a grand and stood there for a few hours before it suddenly slumped<\/a> by over $2,000 on Monday morning in minutes to $83,600. Its rebound stalled at $84,400, and the asset is now struggling at $84,000.<\/p>\n

Its market capitalization is down to $1.680 trillion, while its dominance over the alts has remained at the same level as yesterday at 59% on CMC.<\/p>\n

<\/a>BTCUSD October 7. Source: TradingView<\/p>\n

Alts Bleed Out<\/h2>\n

ETH was among the hardest-hit larger-cap alts today, dropping by over 4% at one point to under $2,600. XRP has seemingly lost the $1.50 support after a 3% decline pushed it to $1.46. BNB, SOL, TRX, and ZEC are also slightly in the red.<\/p>\n

More painful declines come from the likes of ADA (-6.5%), UNI (-8.5%), CRO (-5.5%), SHIB (-6%), as well as WLD, CC, SUI, CRO, and HBAR. DOT has plummeted by 9%, while MNT has decreased by 10%. BTW is among the few exceptions among the larger-cap alts.<\/p>\n

The total crypto market cap has shed over $60 billion in a day and is down to $2.850 trillion on CMC.<\/p>\n

<\/a>Cryptocurrency Market Overview October 7. Source: QuantifyCrypto<\/p>\n

\u00a0<\/p>\n

The post These Altcoins Bleed the Most After Bitcoin\u2019s Sudden Drop Below $84K: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin was rejected again at $87,000 on Monday, and the bears took it a step further earlier this morning, pushing it south hard to under $84,000. BTC\u2019s decline dragged most of the altcoins with it. Ethereum slipped below $2,600, XRP dumped further away from the $1.50 support, and HYPE is close to breaking below $90. […]<\/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-236611","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/236611"}],"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=236611"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/236611\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=236611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=236611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=236611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}