Perhaps due to the massive outflows from the spot Bitcoin ETFs yesterday or some Mt Gox-related FUD, BTC’s price tumbled hard but managed to recover all losses.
The altcoins are relatively sluggish today as well, aside from the two largest meme coins, which have posted impressive gains.After it failed to break into uncharted territory last Tuesday, bitcoin started to lose traction gradually and slipped to $72,000 on Wednesday and Thursday. The landscape worsened on Friday as it dropped below $69,000 on a couple of occasions., the bears came back and propelled a few more price declines. This culminated yesterday with a drop to a weekly low of $66,800.
Toncoin has dumped the most from the larger-cap alts. TON has lost nearly 6% of its value in the past day and trades below $4.6. In contrast, the two largest meme coins have surged the most. SHIB is up by nearly 6%, while DOGE hasThe total crypto market cap is essentially at the same spot as yesterday at just under $2.4 trillion on CG.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions.
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