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Заголовок These Alts Dumped the Most Weekly as Bitcoin (BTC) Calms at $62K (Weekend Watch)
Дата 20241006

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These Alts Dumped the Most Weekly as Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Calms at $62K (Weekend Watch)

These Alts Dumped the Most Weekly as Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Calms at $62K (Weekend
Watch)

Author: Jordan Lyanchev

Last Updated Oct 6, 2024 @ 08:25

XRP and DOGE are among the leaders in this adverse trend.

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s price movements have calmed over the weekend, somewhat
expected, and the asset stands still at around $62,000.

Most alts have performed in a similar fashion since Friday, but the weekly
landscape is quite painful, with several double-digit losers.

BTC Stalls at $62K

It s safe to say that it wasn t a good week for the primary
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. It stood above $66,000 last Sunday but its troubles began as
soon as Monday with a nosedive to $63,000. The situation worsened mid-week
amid the escalating tension in the Middle East. This culminated on Wednesday
and Thursday with a few price dips below the coveted $60,000 level.

Nevertheless, the bulls managed to defend that level and pushed bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin north.
Since that multi-week low on Thursday, the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта has regained about
two grand and now stands around $62,000. Its movements during the weekend have
been quite dull.

Still, bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is down by more than 5% in the past week. This means that its
market dominance has plunged from over $1.3 trillion to $1.225 trillion now.
Its dominance over the alts, though, has increased during the same period to
54.3% on CG.

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Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin/Price/Chart 06.10.2024. Source: TradingView

XRP, DOGE Lead on the Way Down

Ripple s native token was frequently in the news during the week.
Although it started positively with a filing for an XRP ETF, the SEC was quick
to halt the enthusiasm by filing an appeal against a 2023 court decision about
the secondary sales of the asset.

This had a dramatic impact on its price as it tumbled by 15% within less than
a day from over $0.6 to $0.51. XRP is still down by double digits on a weekly
scale, even though it has recovered slightly to $0.53.

The other notable losers on a weekly scale from the larger-cap alts include
DOGE (-13.7%), ADA (-11.4%), SHIB (-11.4%), DOT (-12.4%), NEAR (-12.2%), and
more.

The total crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта cap lost over $150 billion at one point during the
week but has regained some traction and is now at $2.250 trillion on CG.
Cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта Market Overview. Source: QuantifyCrypto

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