Bitcoin has been experiencing a lot of volatility this weekend, with many altcoins like DOGE, APT, WIF, and others falling over 5% in the past day. Bitcoin initially saw a positive start to the week, rising from $67,500 to over $71,500 on Monday and Tuesday, and even reaching $73,600 on Tuesday. However, the asset started retreating on Wednesday and continued its decline on Thursday and Friday, dropping to $68,800 before bouncing back to $71,600.
Unfortunately, it faced another rejection and fell back to $68,800 on Saturday, reaching a weekly low of under $68,000 earlier today. It has since recovered slightly and is now trading close to $68,500, still down 2% on the day with a market cap of $1.350 trillion. Bitcoin’s dominance over altcoins has jumped to 56.6% on CG.
The entire altcoin field has turned red today, with ETH and BNB dropping around 3% each, placing ETH below $2,450 and BNB close to breaking below $560. Other significant drops include SOL, XRP, TRX, TON, LINK, and BCH. Further declines are evident from ADA (-5%), AVAX (-6%), and Dogecoin (-7.5%). Other notable losses include BRETT (-9%), PYTH (-8%), MEW (-8%), ICP (-7.5%), and APT (-7%).
The total crypto market cap has lost another $60 billion overnight, now under $2.4 trillion on CG.
