BCH and WLFI Explode by Double Digits, BTC Price Calms at $84,000: Weekend Watch

On the other hand, ZEC has fallen sharply in the past day.

There are some big gainers from the bigger alts, including WLFI and BCH, which are up double digits, and ZEC, which has gone in the opposite direction.

BTC starting to recover?

What a week it has been for the primary cryptocurrency. After the huge price dump of the previous one, when it fell from $107,000 to $94,000, the asset ended up at the current price around $95,000. However, the Bears quickly regained control and began several consecutive leg-downs.

The high occurred on Friday when Bitcoin fell below $81,000 for the first time since April. This came amid outflows from certain OG whales and growing outflows from spot Bitcoin ETFs. Furthermore, it liquidated more than 400,000 traders at one point, including some high-profile names, such as Andrew Tate.

Some relief followed this stunning correction, and bitcoin rose to $85,000 later that day after the president of the New York Fed branch hinted that the central bank might cut rates soon.

However, this rally was short-lived and BTC fell south to just under $84,000 at the time of writing. Its market cap is well under $1.7 trillion, while its dominance over CG alts is less than 57%.

ZEC down, WLFI and BCH up

Most larger-cap alts followed BTC on its way south by charting multi-month lows. However, now they are somewhat in the green, but only on a daily scale. ETH, XRP, BNB and SOL post small gains, while TRX, DOGE, HYPE and ADA post insignificant losses.

Much more volatile moves come from BCH, WLFI and ZEC. The first two have skyrocketed by double digits since yesterday to $545 and $0.14 respectively. In contrast, recent high-flyer ZEC has fallen 18% to $522.

The total crypto market cap has wiped out more than $300 billion since Thursday, falling to $2.950 trillion on CG.