The entire cryptocurrency market became red on Monday morning after the relatively calm trade in the weekend, but altcoins lead the pack this time.
At the same time, Bitcoin also fell but in a more modest way, which increased its domination in the market.
The graphic above shows a very clear image of the current feeling among altcoins. The largest in the group set the trend with a 4% drop which brought it to a weekly rate of less than $ 4,300. ETH was rejected a few times at $ 4,700 in September, and its inability to resume its Bull Run caused a substantial retirement.
XRP has lost the crucial support of $ 3 over the weekend, and its situation has only worsened since then. Despite many major price forecasts for an increase in its summit of $ 3.65, the asset is also down 4% and is within $ 2.9 at the time of the press.
Even more painful drops come from Ada, Link, Doge, Hype and Cro. Hype spilled 8% to less than $ 50 as an Arthur Hayes arranged From his assets, while CRO plunged 9% after reports on a violation of data for the exchange behind.
Although there are exceptions like IP, which are well in green, they are very few, and most other alts of captain at low and lower capital are down by substantial percentages. The total market capitalization of cryptography lost another 60 billion dollars in one day and fell to 4,060 billions of dollars on CG.
On the other hand, the domination of the BTC reached more than 56%, the price of Bitcoin dropped by 1% more modest.
Coinglass data show that the overall value of the rugged positions is soaring more than $ 630 million per day, and nearly 220,000 traders have been liquidated. ETH is the leader, with more than $ 184 million out of the total amount.
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