Shiba

Ethereum

Cryptocurrency

Wednesday

Bitcoin

Bitcoin’s price actions continue with underwhelming dominance as the asset fell below $96,000 after maintaining that level during the weekend.
The altcoins have it worse, though, with massive daily price declines from the likes of SOL, DOGE, ADA, LINK, AVAX, and more.
<h2 id="btc-below-96k">BTC Below $96K</h2>
After the calmness felt during the previous weekend, BTC started that business week with a few consecutive price drops that saw it dump to a multi-week low of under $93,500. However, the bulls were quick to intercept the move and didn’t allow another decline.
In fact, BTC recovered some ground by Wednesday and stood at around $96,000 once again. The asset went on the offensive on Thursday and Friday, especially after this positive news from Coinbase’s CEO, and tapped $99,500 for the first time in about two weeks.
At this point, though, the situation changed once again after Bybit, one of the largest exchanges by volume, was hit with a $1.4 billion hack. BTC reacted immediately with a <a href="https://cryptopotato.com/crypto-markets-shed-over-100b-as-btc-slumped-to-95k-weekend-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">price drop</a> of over four grand in hours to $95,000.
It <a href="https://cryptopotato.com/btc-price-settles-above-96k-mantra-om-explodes-12-daily-weekend-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">bounced off</a> during the weekend and spent most of it at just over $96,000. However, Monday began with another price slip that pushed it to just under that level once again. Consequently, its market cap has declined to $1.9 trillion on CG, but its dominance over the alts in on the rise.
<figure id="attachment_384640" aria-describedby="caption-attachment-384640" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2025/02/BTCUSD-24.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-384640" src="https://cryptopotato.com/wp-content/uploads/2025/02/BTCUSD-24.png" alt="BTCUSD. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2025/02/BTCUSD-24.png 1835w, https://cryptopotato.com/wp-content/uploads/2025/02/BTCUSD-24-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2025/02/BTCUSD-24-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2025/02/BTCUSD-24-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2025/02/BTCUSD-24-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2025/02/BTCUSD-24-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-384640" class="wp-caption-text">
 BTCUSD. Source: TradingView
 </figcaption>
</figure>
<h2 id="alts-bleed-out">Alts Bleed Out</h2>
Most altcoins have turned red over the past 24 hours, as the growing BTC dominance suggests. Ethereum has dropped by 4% on a daily scale to under $2,700. XRP has declined by a similar percentage and now struggles below $2.5.
Even more painful decreases are evident from Solana, Dogecoin, Cardano, Chainlink, Avalanche, Shiba Inu, and Pepe, with losses of up to 8%. HYPE is the other notable loser, with a massive slump of 11.5% to $21.5.
The total crypto market cap has seen over $60 billion gone since yesterday and is down to $3.265 trillion on CG.
<figure id="attachment_384641" aria-describedby="caption-attachment-384641" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2025/02/Screenshot-2025-02-24-121202.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-384641" src="https://cryptopotato.com/wp-content/uploads/2025/02/Screenshot-2025-02-24-121202.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1881" height="824" srcset="https://cryptopotato.com/wp-content/uploads/2025/02/Screenshot-2025-02-24-121202.png 1881w, https://cryptopotato.com/wp-content/uploads/2025/02/Screenshot-2025-02-24-121202-300x131.png 300w, https://cryptopotato.com/wp-content/uploads/2025/02/Screenshot-2025-02-24-121202-1024x449.png 1024w, https://cryptopotato.com/wp-content/uploads/2025/02/Screenshot-2025-02-24-121202-768x336.png 768w, https://cryptopotato.com/wp-content/uploads/2025/02/Screenshot-2025-02-24-121202-1536x673.png 1536w, https://cryptopotato.com/wp-content/uploads/2025/02/Screenshot-2025-02-24-121202-50x22.png 50w" sizes="(max-width: 1881px) 100vw, 1881px"></a>
 <figcaption id="caption-attachment-384641" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/these-altcoins-bleed-out-as-bitcoin-btc-loses-96k-level-market-watch/" rel="noopener noreferrer nofollow">These Altcoins Bleed Out as Bitcoin (BTC) Loses $96K Level (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

These Altcoins Bleed Out as Bitcoin (BTC) Loses $96K Level (Market Watch)

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