{"id":87711,"date":"2025-08-12T09:15:51","date_gmt":"2025-08-12T09:15:51","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=87711"},"modified":"2025-08-12T09:15:51","modified_gmt":"2025-08-12T09:15:51","slug":"bitcoin-slipped-below-120k-these-altcoins-crash-harder-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=87711","title":{"rendered":"Bitcoin Slipped Below $120K, These Altcoins Crash Harder: Market Watch"},"content":{"rendered":"

Bitcoin experienced a price decline over the past 24 hours, but remains in green territory on a weekly basis.\u00a0<\/span><\/p>\n

ETH held its ground at around $4,300, but several well-known altcoins plunged by double digits on a daily basis.<\/span><\/p>\n

BTC Couldn\u2019t Keep the Momentum<\/span><\/h2>\n

The primary cryptocurrency briefly surged past $122,000 on August 11, while its market capitalization reached almost $2.5 trillion.<\/span><\/p>\n

Instead of tapping a new all-time high, though, BTC headed down in the following hours. <\/span>At one point, the price slipped below $118,500<\/span>, whereas<\/span> currently the asset trades just south of $119,000.<\/span><\/p>\n

<\/a>BTC Price, Source: TradingView<\/p>\n

It is <\/span>important<\/span> to note that the coming hours may bring <\/span>additional<\/span> volatility for BTC and the broader <\/span>crypto<\/span> market.<\/span> The US CPI (Consumer Price Index) report is <\/span>scheduled<\/span><\/a> for release today, and expectations are that inflation in the world\u2019s largest economy will mark a slight increase.<\/span><\/p>\n

The data is closely monitored by the Federal Reserve and may <\/span>affect<\/span> its decision to cut interest rates next month <\/span>potentially<\/span>.<\/span> On the other hand, softer-than-forecast inflation could spark a crypto rally by reviving hopes for easier monetary policy after the next FOMC meeting.<\/span><\/p>\n

BTC\u2019s market capitalization has retreated to approximately $2.36 trillion, but it remains the sixth-largest asset in the world. Its dominance against the altcoins slightly increased to around 58.6%.\u00a0<\/span><\/p>\n

These Alts Bleed Out Heavily<\/span><\/h2>\n

In contrast to BTC, Ethereum (ETH) did not take its foot off the gas pedal. <\/span>Its price currently stands at over $4,300, representing <\/span>an impressive<\/span> 45% increase on a monthly <\/span>scale<\/span>.<\/span>\u00a0<\/span><\/p>\n

Other altcoins that have posted some gains over the last 24 hours include Bitcoin Cash (BCH), TRON (TRX), and Toncoin (TON).<\/span><\/p>\n

However, those in red territory outnumber the gainers. The price of Story (IP) tumbled by 16%, Bonk (BONK) and Pudgy Penguins (PNGU) plunged by 12% each, whereas Pi Network (PI) declined by 7%.\u00a0<\/span><\/p>\n

The total crypto market capitalization retreated to $4.04 trillion, representing a 2% decline from yesterday\u2019s figure.<\/span><\/p>\n

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

\u00a0<\/p>\n

The post Bitcoin Slipped Below $120K, These Altcoins Crash Harder: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin experienced a price decline over the past 24 hours, but remains in green territory on a weekly basis.\u00a0 ETH held its ground at around $4,300, but several well-known altcoins plunged by double digits on a daily basis. BTC Couldn\u2019t Keep the Momentum The primary cryptocurrency briefly surged past $122,000 on August 11, while its […]<\/p>\n","protected":false},"author":0,"featured_media":87712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87711","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\/87711"}],"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=87711"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/87712"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}