HASH has dumped the most in the past day, while RIVER is on the run again.
Most altcoins are also in the red on the 24-hour scale, with ETH cementing its place below $3,000. XMR is down the most against the bigger alts.
BTC drops to $88,000
It was a week ago when tensions between the US and EU quickly escalated with new tariff threats and eventually some pushback from the bloc. BTC initially remained quiet, trading above $95,000 over the weekend, but crashed hard on Monday morning as Asian stock and most futures markets opened.
Initially, support at $92,000 remained intact, but the bears were more persistent and continued to drive assets further south. The high occurred on Wednesday when Bitcoin fell to $87,200, setting a new multi-week low.
Then came a rollercoaster of a trading period with a run to $90,000, subsequent rejections and another attempt at that coveted level when Trump took the main stage at Davos and made some controversial comments. He refuted previous statements that he might use force to take over Greenland, hinted at a possible deal with Denmark and canceled the aforementioned tariffs.
However, he threatened yesterday with a 100% tariff on Canada if the country signs a major deal with China. BTC failed to decisively regain $90,000 and even fell as low as $88,000 earlier today before recovering some ground.
It now trades below $89,000, with a market cap of $1.770 trillion. The dominance over the alts is almost 57.5% on CG.
Alts in red
Ethereum fell from over $3,400 to below $3,000 in the past ten days, and has since been unable to turn that resistance into support. BNB is well below $900, while XRP remains stuck at $1.90. XMR is down more than 7% daily to $480. ADA, BCH, DOGE, LINK, HYPE and XLM are also in the red on a daily basis.
CC is one of the few larger-capitalized alts in the green market, gaining 5% to almost $0.16. RIVER has risen another 23% and is now above $60. HASH, on the other hand, has fallen 11% to below $0.023.
The total cryptocurrency market cap has fallen by over $40 billion to $3.080 trillion on CG.
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