However, several altcoins have marked massive losses over the past day, led by another double-digit price plunge from PI.
BTC Stays Calm
Bitcoin started the business week on the right foot as its price shot up from under $104,000 to a multi-month peak of just shy of $106,000. This came as a direct consequence of the trade deal struck by the US and China.
However, the asset couldn’t maintain its run and dropped by roughly five grand in the following hours to a weekly low of under $101,000. Nevertheless, the bulls didn’t allow a breakdown beneath $100,000, and the cryptocurrency began its recovery that pushed it to $105,000 by Thursday.
Another rejection followed, and more volatility ensued on Friday, but overall, bitcoin has been able to remain in a relatively tight range between $102,500 and $104,000. The past 24 hours brought some more minor fluctuations around these levels, and BTC now stands close to the upper boundary.
Its market cap has remained above $2.050 trillion on CG while its dominance over the alts has risen by over 0.5% daily to 60.4%.
PI Keeps Dumping
Most larger-cap alts have turned red in the past 24 hours. ETH has slipped below $2,500 after a 3% daily decline. A similar nosedive is evident from DOGE, while SHIB and LINK have dropped by over 4%.
However, PI leads the pack in terms of the biggest daily losses. Pi Network’s native token has plummeted by 20% and sits below $0.7.
Other larger-cap alts in the red today include PEPE, UNI, ONDO, AAVE, NEAR, APT, and more.
The total crypto market cap has seen over $70 billion disappear in a day and is down to $3.4 trillion on CG.
The post These Altcoins Plunge Hard but Bitcoin (BTC) Maintains $103K (Market Watch) appeared first on BitcoinLinux.
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Author: NixCoin