Hold onto your hats, crypto enthusiasts, because the weekend brought some serious twists and turns in the market! The spotlight was on Bitcoin, which danced around with a lot more volatility than usual, mostly taking the express lane south.
But BTC wasn't the only one having a rough ride. The altcoin world took a heavy hit, with Dogecoin, APT, WIF, and a bunch of others tumbling down by more than 5% in just a day. Ouch!
The week started with Bitcoin soaring to new heights, jumping from $67,500 to over $71,500. The bulls were on a roll, pushing it up to $73,600 by Tuesday. It was just a hop away from a new all-time high before the tide turned, and BTC slid back to $72,000 by midweek.
The roller coaster continued with steep drops on Thursday and Friday as Bitcoin slipped to $68,800. It tried to bounce back, reaching $71,600, but faced another setback. By Saturday, the bears had their way, dragging it down to under $68,000.
Today, BTC has clawed back some ground, hovering around $68,500. It's still 2% down for the day, with its market cap shrinking to $1.350 trillion. On the bright side, Bitcoin's dominance over altcoins has risen to 56.6%.
In the altcoin arena, it's a sea of red. Ethereum and Binance Coin have both dipped around 3%, with ETH dropping below $2,450 and BNB teetering near $560. The likes of SOL, XRP, TRX, TON, LINK, and BCH are also seeing red.
Some of the hardest hits came from ADA (-5%), AVAX (-6%), and Dogecoin (-7.5%), making DOGE the biggest loser among the larger-cap altcoins in the last 24 hours.
Other notable declines came from BRETT (-9%), PYTH (-8%), MEW (-8%), ICP (-7.5%), and APT (-7%).
Overall, the crypto market took a $60 billion hit overnight, dipping below $2.4 trillion. It's a wild ride out there, folks! Stay tuned for more twists and turns in the world of crypto.
