{"id":6924,"date":"2024-09-16T08:34:00","date_gmt":"2024-09-16T08:34:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=6924"},"modified":"2024-09-16T08:34:00","modified_gmt":"2024-09-16T08:34:00","slug":"these-altcoins-bleed-out-the-most-as-bitcoin-btc-dipped-to-58k-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=6924","title":{"rendered":"These Altcoins Bleed Out the Most as Bitcoin (BTC) Dipped to $58K (Market Watch)"},"content":{"rendered":"

After several days of charting notable increases, bitcoin\u2019s price has finally retraced by falling toward $58,000 earlier this morning.<\/p>\n

The altcoins are also in the red on a daily scale, with the total market cap bleeding over $60 billion.<\/p>\n

BTC Slipped Toward $58K<\/h2>\n

Bitcoin bottomed last Friday at under $53,000, and the bulls took control in the following ten days or so. Within this timeframe, the asset jumped to over $58,000 last Monday, dumped to $55,500 after the US CPI numbers came out on Wednesday but went back on the offensive, which culminated on Friday and Saturday morning.<\/p>\n

More specifically, BTC finally broke above $60,000 on Friday evening and soared<\/a> to a multi-week peak of around $60,600. It calmed during the weekend but maintained<\/a> $60,000 for the most part.<\/p>\n

However, Monday started with a price dip that drove it south by about two grand. As a result, BTC slipped to $58,100 earlier today, but so far has managed to recover most losses and trades at just over $59,000. This is expected to be a big week<\/a> for all financial markets as the US Fed will have a FOMC meeting on Wednesday and Thursday, with anticipations that it will lower the key interest rates.<\/p>\n

Bitcoin\u2019s market cap has declined to $1.165 trillion, while its dominance over the alts has jumped to 54.3% on CG.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 16.09.2024. Source: TradingView<\/p>\n

SUI Defies Market Sentiment<\/h2>\n

Most altcoins mimicked BTC\u2019s performance over the past day, meaning that they have turned red. Ethereum is down by over 3% and now sits at $2,330. SOL, DOGE, LINK, and BCH have posted similar declines, while XRP, TON, AVAX, and SHIB are down by around 2%.<\/p>\n

Cardano\u2019s native token has slipped by almost 5% to $0.33. In contrast, TRX has seen a minor increase of 1.5%, while SUI has defied the overall market sentiment today with a 5.5% surge. Consequently, it now trades above $1.1.<\/p>\n

The cumulative market cap dropped by more than $80 billion earlier today but has recovered some ground and is now at $2.145 trillion.<\/p>\n

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

The post These Altcoins Bleed Out the Most as Bitcoin (BTC) Dipped to $58K (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

After several days of charting notable increases, bitcoin\u2019s price has finally retraced by falling toward $58,000 earlier this morning. The altcoins are also in the red on a daily scale, with the total market cap bleeding over $60 billion. BTC Slipped Toward $58K Bitcoin bottomed last Friday at under $53,000, and the bulls took control […]<\/p>\n","protected":false},"author":0,"featured_media":6925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6924","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\/6924"}],"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=6924"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/6924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/6925"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}