{"id":42797,"date":"2025-02-08T09:39:02","date_gmt":"2025-02-08T09:39:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=42797"},"modified":"2025-02-08T09:39:02","modified_gmt":"2025-02-08T09:39:02","slug":"these-altcoins-extend-losses-as-btc-faced-rejection-at-100k-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=42797","title":{"rendered":"These Altcoins Extend Losses as BTC Faced Rejection at $100K (Weekend Watch)"},"content":{"rendered":"

Bitcoin\u2019s price struggles continue as the asset was violently rejected at $100,000 yesterday and pushed south by over four grand in hours.<\/p>\n

Nevertheless, many altcoins are in even worse condition, with massive double-digit losses on a weekly scale.<\/p>\n

BTC Up and Down<\/h2>\n

It was a painful week for the primary cryptocurrency, which started during the previous weekend with a price slump from $102,000 to $97,000 on Sunday morning after Trump\u2019s tariffs against China, Mexico, and Canada. The situation worsened on Monday morning with another nosedive<\/a> to under $92,000.<\/p>\n

However, the cryptocurrency exploded out of the blue at this point and added ten grand within hours to spike above $102,000. That was short-lived, though, as it quickly lost the six-digit price tag and headed toward $97,000.<\/p>\n

After a few days of sideways action around that line, BTC jumped<\/a> to just over $100,000 on Friday. Yet, the bears were quick to intercept the move and didn\u2019t allow a further increase. Moreover, the rejection was quite brutal as it pushed bitcoin south to under $96,000.<\/p>\n

The asset now struggles to reclaim that level, and its market capitalization is close to breaking below $1.9 trillion. Its dominance over the alts<\/a>, though, is quite high (close to 59% on CG), as most of them have been hit harder.<\/p>\n

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

Alts Back in Red<\/h2>\n

The alternative coins suffered even more than BTC, and many continue to be well in the red. Ethereum has dumped by 4% over the past day alone and struggles to remain above $2,600. Chainlink, SUI, AVAX, ADA, and XMR are the other substantial price losers from the larger-cap alts, with declines of up to 7%.<\/p>\n

DOGE<\/a>, BNB, SOL, and HBAR are also in the red, albeit in a less painful manner. XRP and TRX are among the few alts with minor gains over the past day.<\/p>\n

Nevertheless, the total crypto market cap has shed another $80 billion since yesterday and is down to $3.250 trillion on CG.<\/p>\n

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

The post These Altcoins Extend Losses as BTC Faced Rejection at $100K (Weekend Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price struggles continue as the asset was violently rejected at $100,000 yesterday and pushed south by over four grand in hours. Nevertheless, many altcoins are in even worse condition, with massive double-digit losses on a weekly scale. BTC Up and Down It was a painful week for the primary cryptocurrency, which started during the […]<\/p>\n","protected":false},"author":0,"featured_media":42798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-42797","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\/42797"}],"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=42797"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/42797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/42798"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}