Uptober has failed to prove the bulls right, at least for now, as bitcoin has dropped hard and even slipped to $60,000 yesterday.
The altcoins are also in a freefall state, with numerous price drops of 5-6% from the likes of ETH, SOL, LINK, AVAX, and others.It was just several days ago, on Sunday when the primary cryptocurrency stood tall at over $66,000 after a strong week in which it gained about 10%. However, the bears were quick to remind of their presence and began pushing the asset south hard in the following days.to just under $60,000 yesterday.
However, it was stopped there and driven south once again, currently sitting at $60,500. This has propelled many industry analysts toThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:BTC’s current price tag means that its market capitalization has plummeted to just under $1.2 trillion after sitting above $1.3 trillion days ago. The silver lining is that its dominance over the alts has soared to 54.
Many other larger-cap alts have suffered as well, as mentioned above. Ethereum has dumped by 5% to under $2,350, SOL is below $140 after a 5.5% daily drop, while AVAX and LINK have slumped by 7% and 6%, respectively.The total crypto market cap has dumped to $2.2 trillion on CG, which means that it has lost roughly $150 billion since October’s start.Disclaimer: Information found on CryptoPotato is those of writers quoted.
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.