Bitcoin prices have fallen to a weekly low of $103,000 over the past 12 hours, perhaps driven by the latest escalation of tensions between the US and China.
Altcoins are even worse, dropping significantly from SUI, Link, Doge, Sol, ADA and more. CROs are in opposition to market-wide trends with double-digit price surges.
BTC dumps to $103,000
Charting the newest of all time ever since it surged to around $112,000 last Thursday, Bitcoin prices couldn’t even regain or maintain that momentum. The fall began the day after US President Trump recommended new tariffs on the EU.
He delayed implementation for over a month, but BTC couldn’t bounce back crucially and stopped several times at around $110,000. The latest rejection, which came on Thursday for $109,000, was the worst rejection (for now) as it reduced BTC to $105,000.
Yesterday, they recovered some level of ground to $106,000, but the Bears reappeared, pushing cryptocurrency south to a 12-day low of over $103,000. The decline came after Trump said China had “violated” the trade deal between the two, but Beijing responded kindly.
BTC has regained some ground and is now over $103,500, but its market capitalization has been slid to $2.06 trillion in CG, but its advantage over ALT reaches a maximum of 61.3%.
alts bleed, not clo
The alternative coins have marked some major losses in the past days. Ethereum is below $2,500 after a 4.5% drop. XRP plunged down below $2.15, while Doge, Sol, ADA, SUI, Link and Avax plunged up to 9%.
The low cap Alts situation is even more painful as many people like ENA, Inj, Virtual, Pepe and more chart double-digit price drops.
CRO is the only exception, earning 17% in the past day and trading nearly $0.11.
Crypto’s total market capitalization has disappeared in the last two days to around $200 billion, reaching $3.360 trillion.
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Cryptocurrency charts by TradingView.
