Bitcoin Slipped Below $120K, These Altcoins Crash Harder: Market Watch
Main Idea
Bitcoin's price declined over the past 24 hours but remains positive weekly, while Ethereum held steady and several altcoins saw significant drops.
Key Points
1. Bitcoin briefly surged past $122,000 but later dropped below $118,500, currently trading just under $119,000.
2. Ethereum (ETH) maintained its price at over $4,300, showing a 45% monthly increase.
3. Several altcoins, including Story (IP), Bonk (BONK), Pudgy Penguins (PNGU), and Pi Network (PI), experienced double-digit declines.
4. The total crypto market capitalization fell by 2% to $4.04 trillion.
5. BTC's market cap retreated to approximately $2.36 trillion, while altcoins' dominance slightly increased to around 58.6%.
Description
Bitcoin experienced a price decline over the past 24 hours, but remains in green territory on a weekly basis. ETH held its ground at around $4,300, but several well-known altcoins plunged by double digits on a daily basis. BTC Couldn’t Keep the Momentum The primary cryptocurrency briefly surged past $122,000 on August 11, while its market capitalization reached almost $2.5 trillion. Instead of tapping a new all-time high, though, BTC headed down in the following hours. At one point, the price sl...
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