Bitcoin’s price was stopped ahead of $100,000, and the subsequent rejection pushed it south hard, causing the asset to lose over six grand in hours.
The altcoins have also turned red, with massive declines from the likes of Solana, Dogecoin, Cardano, Stellar, Polkadot, and many others.The primary cryptocurrency experienced a mindblowing rally since Trump won the US elections three weeks ago, which culminated on Friday with a surge to just over $99,800, which became the asset’s highest price level ever. However, itIt dropped below $98,000 on Saturday and under $96,000 on Sunday, but its actual crash occurred on Monday.
Just the opposite, BTC started to lose value rapidly and slumped below $93,000 for the first time in about a week. Analysts noted that such corrections are expected following similar 40% runs. SomeThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:BTC is below $93,000 once again now, with its market cap dumping below $1.840 trillion. Its dominance over the alts has retraced slightly as well to 55% on CG.
Others, though, such as SOL, XRP, DOGE, ADA, AVAX, XLM, and DOT, have plunged by up to 13%. Even more losses come from SAND and RAY, both of which are down by 15%. The cumulative market cap of all crypto assets has slumped by approximately $200 billion since yesterday, going below $3.340 trillion now.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. Use provided information at your own risk. See Disclaimer for more information.
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