{"id":2743,"date":"2024-09-02T08:55:56","date_gmt":"2024-09-02T08:55:56","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=2743"},"modified":"2024-09-02T08:55:56","modified_gmt":"2024-09-02T08:55:56","slug":"bitcoin-recovers-from-a-dip-to-57k-floki-dumps-5-daily-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=2743","title":{"rendered":"Bitcoin Recovers From a Dip to $57K, FLOKI Dumps 5% Daily (Market Watch)"},"content":{"rendered":"

Bitcoin\u2019s price actions took another turn for the worse in the past 24 hours as the asset slumped to a 2-week low of $57,100.<\/p>\n

Most altcoins are also in the red on a daily scale, with TON, DOGE, and ADA dropping by 2-4%.<\/p>\n

BTC Sees $57K Drop<\/h2>\n

It\u2019s safe to say that bitcoin\u2019s latest price actions have been quite underwhelming. It was just a week ago when the asset shot up to over $65,100 to chart a multi-week peak on the heels of the positive developments on US soil a few days back.<\/p>\n

However, it failed to maintain its run and started to lose value gradually on Tuesday and rapidly<\/a> on Wednesday. This resulted in a price drop to $58,000 before the bulls initiated a brief recovery that pushed BTC to $61,000 on Thursday.<\/p>\n

However, bitcoin couldn\u2019t shake off the predominantly bearish<\/a> setup<\/a> and dropped to under $58,000 by Friday. It tried to recover some ground during the weekend but to no avail<\/a>. The situation worsened earlier this morning when it dipped to $57,000 for the first time since mid-August.<\/p>\n

Despite bouncing off to just over $58,000 now, BTC is still 9% down on the week. Its market cap is beneath $1.150 trillion, but its dominance over the alts has tapped 54%.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 02.09.2024. Source: TradingView<\/p>\n

Alts Back in Red<\/h2>\n

It seems like a repeat these days, but the alternative coins are in the red once again. Ethereum, Avalanche, and Bitcoin Cash have charted losses of under 1%, but SOL, XRP, and BNB are down by just over that percentage.<\/p>\n

Even more pain comes from the likes of DOGE, TON, ADA, SHIB, and LINK, which have all declined by 2-4%. Uniswap\u2019s native token is among the few exceptions with a notable increase.<\/p>\n

The biggest daily losers from the largest 100 alts include BEAM (-7%), FLOKI (-5%), and AAVE (-5%). In the case of FLOKI, the weekly price drop is above 22%.<\/p>\n

The total crypto market cap has shed another $30 billion overnight and is down to $2.120 trillion on CG.<\/p>\n

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

The post Bitcoin Recovers From a Dip to $57K, FLOKI Dumps 5% Daily (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price actions took another turn for the worse in the past 24 hours as the asset slumped to a 2-week low of $57,100. Most altcoins are also in the red on a daily scale, with TON, DOGE, and ADA dropping by 2-4%. BTC Sees $57K Drop It\u2019s safe to say that bitcoin\u2019s latest price […]<\/p>\n","protected":false},"author":0,"featured_media":2744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2743","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\/2743"}],"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=2743"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/2743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/2744"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}