The price movements of Bitcoin took a turn in the last few hours, because it is active from $ 115,600 to a 12-day low of $ 112,000 before a small recovery was set.
The Altcoins are even worse with massive sale of most of them, including ETH, who fell to $ 4,000 earlier today.
BTC dropped to $ 112k
Last week it went pretty well for Bitcoin, so his prize on Thursday morning from less than $ 115,000 to a monthly peak of $ 118,000, just a few hours after the American Federal Reserve finally reduced the most important interest rates. Although that movement was usually expected, it still raised a few small but short profit for BTC.
However, the Cryptocurrency did not succeed in maintaining his run and fell quickly to $ 115,000 on Friday. It spent most of the weekend on Zijweg about $ 115,000 and $ 116,000. The last rejection at the last came on Saturday evening, but Bitcoin still maintained the support of $ 115,500 on Sunday.
However, the landscape changed on Monday morning. Initially, BTC fell to $ 114,400, while the Altcoins bleed before the market leader came to the wider sale and fell to $ 112,000 for the first time since 10 September.
These substantial dives caused a cascade of liquidations, which shot up to $ 1.7 billion on a daily scale. BTC has found some land and is now at $ 112,700, but it is still 2.6% lower than the day. Market capitalization has fallen to $ 2,245 trillion on CG, while his dominance over the alts is up to 56.4%.
Alts in Freefall State
As mentioned above, most Altcoins have it even worse than BTC in the past day. Ethereum has hit hard because a decrease of 6.4% has pushed it far below $ 4,200 from now on. XRP has fallen to $ 2.8 after a daily decrease of 5.4%.
Solana, Cardano, Chainlink, Avalanche, Hype, SUI, XLM, LTC, HBar and Ton have fallen to 8%, while Doge has fallen with double digits and struggles under $ 0.24.
The cumulative market capitalization of all crypto assets has erased $ 150 billion since yesterday and is a good below $ 4 trillion on CG.
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