MemeCore is the only altcoin that has defied today’s market-wide correction.
Bitcoin’s price actions took another turn for the worse over the past several hours, dropping by almost three grand toward $69,000.
Most altcoins have followed suit, charting 4-5% daily losses. As a result, ETH has dipped below $2,100, BNB is down to $630, and XRP is beneath $1.40.
BTC Below $70K
After it was rejected at $76,000 last week and pushed south to $69,000 by the time the weekend approached, the primary cryptocurrency actually spent Saturday and Sunday trading mostly at around $70,000 and even tapped $71,000 briefly.
However, Trump’s latest threats against Iran sent it south by a few grand to just under $68,500. It dipped further when the legacy futures markets opened to $67,500 before it skyrocketed on Monday to over $71,600 after the POTUS said the US and Iran have been in talks to de-escalate the war.
It whipsaw once Iran denied the claims, and even dipped below $69,000 briefly on Tuesday. It went on the attacks once again on Wednesday and touched a weekly peak at $72,000 when the bears stepped up once again. BTC managed to maintain above $71,000 for several hours, but began to break down earlier today and slipped to just over $69,000 minutes ago.
Its market capitalization has declined to under $1.4 trillion, while its dominance over the alts is down to 56.5% on CG.
M Defies the Overall Correction
Ethereum has dropped by almost 5% in the past 24 hours and now struggles below $2,100 again. BNB is down to $630 after a 3% decline, and XRP is beneath $1.40 after a similar drop. More painful decreases are evident from ADA, DOGE, ZEC, MNT, DOT, NEAR, and AAVE from the larger-cap alts.
TRX is among the few exceptions from this cohort of assets, but it’s just slightly in the green. In contrast, MemeCore has exploded by over 33% daily, and now sits above $2.30. ZRO, SIREN, TRUMP, and MORPHO, on the other hand, have posted losses of over 6%.
The total crypto market cap has shed $60 billion in a day and is down to $2.460 trillion on CG.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
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.
No Comment! Be the first one.