{"id":41185,"date":"2025-02-03T10:02:40","date_gmt":"2025-02-03T10:02:40","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=41185"},"modified":"2025-02-03T10:02:40","modified_gmt":"2025-02-03T10:02:40","slug":"bitcoin-dominance-skyrockets-as-altcoins-bleed-out-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=41185","title":{"rendered":"Bitcoin Dominance Skyrockets as Altcoins Bleed Out (Market Watch)"},"content":{"rendered":"

Bitcoin\u2019s price slump that started on Sunday morning only worsened on Monday as the asset plunged to a three-week low of around $91,000 on most exchanges.<\/p>\n

The altcoins were obliterated within the past 36 hours or so, with massive double-digit price dumps coming from many of them.<\/p>\n

BTC Dominance on the Rise<\/h2>\n

It was just three days ago when the primary cryptocurrency stood<\/a> above $106,000 despite the US Fed\u2019s decision to keep the interest rates unchanged. It cooled off on Saturday and slipped to $102,000, but that was just the start of a more severe correction.<\/p>\n

Sunday morning turned red after US President Donald Trump imposed taxes on Canada, Mexico, and China, and the subsequent retaliation didn\u2019t take long. BTC slumped<\/a> from $102,000 to $97,000 but maintained within those levels for most of the day.<\/p>\n

However, the bears took complete control of the market on Monday morning, and they pushed BTC south hard. Within a few hours, the cryptocurrency plunged by six more grand and dumped<\/a> to under $92,000, thus losing $10,000 since Sunday morning.<\/p>\n

It bounced off after that low and now sits above $95,000. Still, its market cap has plunged to under $1.9 trillion. However, its dominance over the alts has gone up to almost 59% on CoinGecko, which is a nearly 3% increase in a day.<\/p>\n

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

Altcoins Bleet Out<\/h2>\n

As BTC\u2019s rising dominance suggests, the altcoins were battered a lot harder. Ethereum went from over $3,000 to under $2,300 before settling at close to $2,600 as of now. Solana and Tron are among the few altcoins with a single-digit price drop on a 24-hour scale now.<\/p>\n

At the same time, BNB, XRP<\/a>, DOGE, ADA, LINK, AVAX, XLM, TON, SUI, HBAR, and SHIB have plummeted by double-digits, with losses of up to 23% in the case of ADA.<\/p>\n

The total crypto market cap lost over $400 billion from top to bottom at one point and now sits just inches above $3.2 trillion on CG.<\/p>\n

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

The post Bitcoin Dominance Skyrockets as Altcoins Bleed Out (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price slump that started on Sunday morning only worsened on Monday as the asset plunged to a three-week low of around $91,000 on most exchanges. The altcoins were obliterated within the past 36 hours or so, with massive double-digit price dumps coming from many of them. BTC Dominance on the Rise It was just […]<\/p>\n","protected":false},"author":0,"featured_media":41186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-41185","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\/41185"}],"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=41185"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41185\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/41186"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}