ALTCOIN Bleed Out Heavily ๐ฉธ
The rising BTC dominance when Bitcoinโs price is plunging means only one thing โ the altcoins are suffering even more. The largest one, for example, has dumped by another 9% and sits at $3,250. Recall that ETH had soared past $4,000 less than a week ago.
Solana, which surpassed Binance Coin yesterday, had declined by over 13% in a day and is back down to $180. BNB (-8.5%) has retraced to $515. Dogecoin, Polkadot, Polygon, and NEAR have shed over 10% in a day.
The landscape with most lower- and mid-cap alts is similar, and the total crypto market cap has plummeted to under $2.5 trillion on CG. The metric was above $2.9 trillion last Thursday and over $2.7 trillion during the weekend.
#xrp #HotTrends #SLERF #BTC