{"id":4376,"date":"2024-09-07T06:41:47","date_gmt":"2024-09-07T06:41:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=4376"},"modified":"2024-09-07T06:41:47","modified_gmt":"2024-09-07T06:41:47","slug":"these-altcoins-bleed-out-as-bitcoin-btc-price-fell-by-4k-in-hours-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=4376","title":{"rendered":"These Altcoins Bleed Out as Bitcoin (BTC) Price Fell by $4K in Hours (Weekend Watch)"},"content":{"rendered":"

Bitcoin\u2019s nosedives continued in the past 24 hours as the asset slumped from an intraday high of $57,000 to under $53,000 within hours.<\/p>\n

The altcoins are also in the red, and the total crypto market cap has dumped to $2 trillion for the first time in over a month.<\/p>\n

BTC\u2019s Troubles Keep Coming<\/h2>\n

The primary cryptocurrency lost the coveted $60,000 level last week, and the true downfall<\/a> followed suit. Aside from a brief attempt to overcome that line on September 3, the bears have been predominantly in control, which culminated yesterday.<\/p>\n

Before that, it was rejected a couple of times and marked lower daily highs. A relief rally came on Friday when the US released the job report for August, which showed that there was a slight decline in the unemployment rates.<\/p>\n

BTC reacted<\/a> quickly with a price increase from $55,500 to $57,000. However, that turned out to be a false breakout, and the cryptocurrency headed south immediately after. In a matter of minutes, it plummeted<\/a> to $54,000 before the bears initiated another leg down that pushed it to a monthly low of $52,700 (on Bitstamp).<\/p>\n

Despite recovering to just over $54,000 now, it is still 4% down on the day and more than 8% in the past seven days. Its market cap has plunged to $1.070 trillion, while its dominance over the alts is down to 53.5%.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 07.09.2024. Source: TradingView<\/p>\n

Alts in Red Yet Again<\/h2>\n

The bearish scenario repeated once again, and the altcoins are back in red. Ethereum is among the leaders in this adverse trend, having lost over 4% of value. As a result, it now struggles at $2,250. BNB is down by 3%, XRP by 3%, and SOL by 2.5%.<\/p>\n

DOGE has dumped the most from the larger-cap alts. The OG meme coin has seen 5% of its value evaporate over the past day and is below $0.1.<\/p>\n

Further losses come from the likes of TON, BCH, SHIB, LTC, OKB, XMR, and many others.<\/p>\n

The total crypto market cap has declined by another $50 billion and is down to $2 trillion on CG.<\/p>\n

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

The post These Altcoins Bleed Out as Bitcoin (BTC) Price Fell by $4K in Hours (Weekend Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s nosedives continued in the past 24 hours as the asset slumped from an intraday high of $57,000 to under $53,000 within hours. The altcoins are also in the red, and the total crypto market cap has dumped to $2 trillion for the first time in over a month. BTC\u2019s Troubles Keep Coming The primary […]<\/p>\n","protected":false},"author":0,"featured_media":4377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4376","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\/4376"}],"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=4376"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/4377"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}