{"id":98209,"date":"2025-09-20T08:09:29","date_gmt":"2025-09-20T08:09:29","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=98209"},"modified":"2025-09-20T08:09:29","modified_gmt":"2025-09-20T08:09:29","slug":"massive-losses-for-these-altcoins-as-btc-slips-below-116k-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=98209","title":{"rendered":"Massive Losses for These Altcoins as BTC Slips Below $116K: Weekend Watch"},"content":{"rendered":"

Bitcoin\u2019s recent price renaissance was stopped at $118,000 at the end of the business week, and the asset was pushed south to $115,200 on Saturday morning.<\/p>\n

Most larger-cap alts are slightly in the red on a daily scale, but even more painful declines come from the likes of M and PENGU.<\/p>\n

BTC Slips After Recovery<\/h2>\n

The primary cryptocurrency had an overall positive week<\/a>, in which the US Federal Reserve finally reduced the key interest rates. Leading up to the FOMC meeting that took place on Wednesday, BTC experienced some volatility and went up to $117,200 only to drop below $115,000 before the event.<\/p>\n

However, it had recovered to $116,000 when the US central bank announced<\/a> the cut and remained relatively muted at first. It went on the offensive during the early Thursday morning trading session when it pumped<\/a> to a multi-week peak of $118,000.<\/p>\n

After gaining over seven grand since the previous week\u2019s low, though, came the inevitable rejections that pushed it south hard, especially on Saturday morning. Earlier today, bitcoin slipped to $115,200 before it staged a minor recovery to roughly $116,000 as of now.<\/p>\n

Its market capitalization has remained above the $2.3 trillion mark, while its dominance over the alts is still below 56% on CG.<\/p>\n

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

These Alts Bleed Out<\/h2>\n

As mentioned above, most larger-cap alts are sitting with losses today. ETH has dumped to well below $4,500, DOGE is down by more than 3%, and LINK has slumped by 5%. XRP fights with the crucial support at $3. SOL, AVAX, and SUI are also in the red.<\/p>\n

Even more painful price drops are evident from M, which has dumped by 16% to $2.2, MYX (-12%), and PENGU (-7%).<\/p>\n

The total crypto market cap has erased over $50 billion since the recent peak and is down to $4.140 trillion on CG.<\/p>\n

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

The post Massive Losses for These Altcoins as BTC Slips Below $116K: Weekend Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s recent price renaissance was stopped at $118,000 at the end of the business week, and the asset was pushed south to $115,200 on Saturday morning. Most larger-cap alts are slightly in the red on a daily scale, but even more painful declines come from the likes of M and PENGU. BTC Slips After Recovery […]<\/p>\n","protected":false},"author":0,"featured_media":98210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-98209","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\/98209"}],"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=98209"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/98209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/98210"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}