{"id":70587,"date":"2025-05-31T06:07:21","date_gmt":"2025-05-31T06:07:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=70587"},"modified":"2025-05-31T06:07:21","modified_gmt":"2025-05-31T06:07:21","slug":"crypto-markets-shed-200b-in-48-hours-as-bitcoin-dumps-to-12-day-low-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=70587","title":{"rendered":"Crypto Markets Shed $200B in 48 Hours as Bitcoin Dumps to 12-Day Low (Weekend Watch)"},"content":{"rendered":"

Perhaps driven by the latest escalation of tensions between the US and China, bitcoin\u2019s price has tumbled over the past 12 hours to a multi-week low of $103,000.<\/p>\n

The altcoins have it even worse, with massive price drops from the likes of SUI, LINK, DOGE, SOL, ADA, and more. CRO has defied the market-wide trend with a double-digit price surge.<\/p>\n

BTC Dumps to $103K<\/h2>\n

Ever since it skyrocketed to almost $112,000 last Thursday to chart a new all-time high, bitcoin\u2019s price has been unable to recapture or even sustain its momentum. It started to fall on the next day when US President Trump recommended a new set of tariffs against the EU.<\/p>\n

Although he delayed their implementation for over a month, BTC failed to bounce off decisively and was stopped<\/a> at around $110,000 on a couple of occasions. The latest rejection, which came on Thursday at $109,000, was the worst one (for now) as it drove BTC down to $105,000.<\/p>\n

It recovered some ground to $106,000 yesterday, but the bears reemerged and pushed the cryptocurrency south to a 12-day low of just over $103,000. This decline transpired<\/a> after Trump said China \u201cviolated\u201d the trade agreement between the two, while Beijing responded kindly.<\/p>\n

Although BTC has regained some ground and now sits above $103,500, its market cap has slid to $2.06 trillion on CG, while its dominance over the alts has shot up to 61.3%.<\/p>\n

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

Alts Bleed Out, Not CRO<\/h2>\n

The alternative coins have marked some big losses over the past day. Ethereum is close to breaking below $2,500 after a 4.5% drop. XRP has plunged beneath $2.15, while DOGE, SOL, ADA, SUI, LINK, and AVAX have plummeted by up to 9%.<\/p>\n

The situation with the lower-cap alts is even more painful, as many, such as ENA, INJ, VIRTUAL, and PEPE, have charted double-digit price declines.<\/p>\n

CRO is the only exception, having gained 17% in the past day and trading close to $0.11.<\/p>\n

The total crypto market cap has seen roughly $200 billion gone in the past two days and is down to $3.360 trillion.<\/p>\n

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

The post Crypto Markets Shed $200B in 48 Hours as Bitcoin Dumps to 12-Day Low (Weekend Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Perhaps driven by the latest escalation of tensions between the US and China, bitcoin\u2019s price has tumbled over the past 12 hours to a multi-week low of $103,000. The altcoins have it even worse, with massive price drops from the likes of SUI, LINK, DOGE, SOL, ADA, and more. CRO has defied the market-wide trend […]<\/p>\n","protected":false},"author":0,"featured_media":70588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70587","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\/70587"}],"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=70587"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70587\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70588"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}