Crypto Markets Shed $100 Billion as Bitcoin Was Rejected at $120K: Weekend Watch
2025-07-19 08:39:01
Main Idea
Bitcoin's price surge to $120,000 halted due to declines, with SUI leading the adverse trend, while altcoins like XRP and Ethereum also faced losses.
Key Points
1. Bitcoin reached a new all-time high of over $123,000 but declined to $117,000 due to profit-taking and uncertainty from US CPI data.
2. BTC's market cap dropped to $2.350 trillion, and its dominance over altcoins fell below 60%.
3. XRP surged to a new all-time high of over $3.6 but later dropped to just above $3.4.
4. Ethereum was halted at $3,700 and fell below $3,600, while SUI led losses among larger-cap altcoins.
5. The total cryptocurrency market cap decreased by $100 billion from its peak to $3.940 trillion.
Description
Bitcoin’s price ascent to $120,000 came to a halt yesterday as the asset was rejected once again at that resistance and pushed south by a couple of grand. The altcoins, which were flying high yesterday, have seen even bigger price declines over the past 24 hours, with SUI leading the adverse trend. BTC Stopped at $120K Bitcoin had a spectacular start to the business week as its ascent that began last week culminated on Monday with a price surge to just over $123,000 . Thus, the cryptocurrency se...
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