HASH has dumped the most over the past day, while RIVER is on the run again.
Bitcoin’s underwhelming price performance continued into the weekend, with another dip to $88,000 registered earlier today.
Most altcoins are in the red as well on a 24-hour scale, with ETH solidifying its place below $3,000. XMR has dropped the most from the larger-cap alts.
BTC Dips to $88K
It was a week ago when the tension between the US and the EU escalated rapidly with new tariff threats and finally some opposition from the bloc. BTC remained still at first and traded above $95,000 during the weekend, but dumped hard on Monday morning when the Asian stock and most futures markets opened.
At first, the $92,000 support remained intact, but the bears were more persistent and continued driving the asset further south. The culmination took place on Wednesday when bitcoin slumped to $87,200, which became a new multi-week low.
Then came a rollercoaster of a trading period with a run toward $90,000, subsequent rejections, and another attempt at that coveted level as Trump took the main stage at Davos and made some controversial remarks. He refuted previous statements that he might use force to take over Greenland, hinted at a potential deal with Denmark, and cancelled the aforementioned tariffs.
However, he threatened a 100% tariff on Canada yesterday if the country signs a big deal with China. BTC failed to decisively reclaim $90,000 and even dipped to $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 close to 57.5% on CG.
Alts in Red
Ethereum fell from over $3,400 to under $3,000 in the past ten days or so, and has been unable to turn that resistance into support since then. BNB is well below $900, while XRP stalls at $1.90. XMR has plunged by over 7% daily to $480. ADA, BCH, DOGE, LINK, HYPE, and XLM are also in the red daily.
CC is among the few larger-cap alts in the green, gaining 5% to almost $0.16. RIVER has rocketed by another 23% and now sits above $60. In contrast, HASH has dumped by 11% to under $0.023.
The total crypto market cap is down by over $40 billion to $3.080 trillion on CG.
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