{"id":83370,"date":"2025-07-24T08:15:37","date_gmt":"2025-07-24T08:15:37","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=83370"},"modified":"2025-07-24T08:15:37","modified_gmt":"2025-07-24T08:15:37","slug":"over-100b-gone-from-crypto-markets-as-altcoins-get-obliterated-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=83370","title":{"rendered":"Over $100B Gone From Crypto Markets as Altcoins Get Obliterated: Market Watch"},"content":{"rendered":"

Bitcoin\u2019s inability to overcome the $120,000 resistance resulted in another nosedive over the past 12 hours or so, as the asset fell toward $116,000.<\/p>\n

While that might be somewhat worrisome, the altcoins have charted even more substantial losses, with multiple double-digit losers such as XRP and DOGE from the larger caps.<\/p>\n

Alts Crash<\/h2>\n

The alternative coins were flying high for a few weeks, which sparked speculation<\/a> whether the much-anticipated altseason had finally started. After registering massive gains for a while, though, it felt inevitable that there would be a more violent correction, which materialized in the past 12 hours or so.<\/p>\n

Ripple\u2019s native token is among the leaders in this adverse trend, losing<\/a> over 11% of value and dropping below $3.1. Some of the blame can be attributed<\/a> to Upbit.<\/p>\n

DOGE, XLM, HBAR, and PEPE are the other double-digit losers from the larger-cap alts, while APT has plunged by 16% daily. SOL, ADA, SUI, LINK, and AVAX are also deep in the red.<\/p>\n

ETH has managed to remain relatively still at around $3,600, while BNB has lost more than $40 since yesterday\u2019s peak above $800.<\/p>\n

The cumulative market cap of all crypto assets has shed over $100 billion since yesterday\u2019s top and is down to $3.9 trillion now.<\/p>\n

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

BTC Dominance Recovers<\/h2>\n

As many of the altcoins were marking gains, bitcoin\u2019s price consolidated<\/a> after the recent ATH at over $123,000. The asset lost some traction and dipped below $120,000, where it has been for most of the past week.<\/p>\n

Its dominance over the alts was violently reduced, going from over 63% to 59% within a week or so. Now, though, the metric has increased by more than 1% in just a day as BTC has remained at essentially the same level as yesterday while the alts were getting obliterated.<\/p>\n

With bitcoin currently trading close to $119,000, its market cap has remained at almost $2.370 trillion on CG.<\/p>\n

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

The post Over $100B Gone From Crypto Markets as Altcoins Get Obliterated: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s inability to overcome the $120,000 resistance resulted in another nosedive over the past 12 hours or so, as the asset fell toward $116,000. While that might be somewhat worrisome, the altcoins have charted even more substantial losses, with multiple double-digit losers such as XRP and DOGE from the larger caps. Alts Crash The alternative […]<\/p>\n","protected":false},"author":0,"featured_media":83371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83370","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\/83370"}],"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=83370"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/83370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/83371"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=83370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=83370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=83370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}