{"id":26843,"date":"2024-12-09T09:30:15","date_gmt":"2024-12-09T09:30:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=26843"},"modified":"2024-12-09T09:30:15","modified_gmt":"2024-12-09T09:30:15","slug":"altcoins-in-retreat-as-bitcoin-btc-falls-further-away-from-100k-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=26843","title":{"rendered":"Altcoins in Retreat as Bitcoin (BTC) Falls Further Away From $100K (Market Watch)"},"content":{"rendered":"

Bitcoin shot above $101,000 yesterday evening but was rejected once again and pushed south by a couple of grand.<\/p>\n

The altcoins are also in the red today following the weekend gains, with XRP and DOGE being among the poorest performers on a daily scale.<\/p>\n

BTC Stopped at $101K<\/h2>\n

Perhaps on the heels of the substantial inflows<\/a> toward the spot Bitcoin ETFs in the States, the primary cryptocurrency was finally able to break into six-digit territory last week. Recall that the asset exploded to a new all-time high of $103,650 on Thursday after gaining about $8,000 in a day.<\/p>\n

The bears were quick to intercept the move and pushed the cryptocurrency south hard. BTC dumped by over ten grand in hours, causing a cascade of liquidations in the process. However, it bounced off and started to reclaim ground on Friday and during the weekend.<\/p>\n

The top<\/a> came at $102,000 on Friday and $101,300 on Sunday evening. However, both attempts were faced by rejections that drove the asset south. As of now, bitcoin stands shy of $99,000 after a minor daily decline.<\/p>\n

Its market capitalization has dumped to $1.960 trillion on CoinGecko, but its dominance over the alts has risen to 52.1% as most of them are deeper in the red.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 9.12.2024. Source: TradingView<\/p>\n

Alts Fall Back<\/h2>\n

Numerous altcoins posted impressive gains over the weekend, but most are in retreat now. XRP is among the worst performers on a daily scale, having lost over 6% of value and dropping to well below $2.4. DOGE, TRX, SHIB, ADA, and XLM have seen similar losses.<\/p>\n

DOT has dropped even harder, and so have CRO, VET, FIL, and FET.<\/p>\n

Ethereum and Avalanche are down by 2%, while SOL and BNB have declined by 4%.<\/p>\n

The cumulative market capitalization of all cryptocurrency assets has dropped by roughly $100 billion since yesterday and is down to $3.750 trillion on CG.<\/p>\n

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

The post Altcoins in Retreat as Bitcoin (BTC) Falls Further Away From $100K (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin shot above $101,000 yesterday evening but was rejected once again and pushed south by a couple of grand. The altcoins are also in the red today following the weekend gains, with XRP and DOGE being among the poorest performers on a daily scale. BTC Stopped at $101K Perhaps on the heels of the substantial […]<\/p>\n","protected":false},"author":0,"featured_media":26844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26843","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\/26843"}],"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=26843"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/26844"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}