Price: $0.38646 -5.0891%
Market Cap: 56.79B 1.7758%
Volume (24h): 10.12B 0.4%
Dominance: 1.7758%
Price: $0.38646 -5.0891%
Market Cap: 56.79B 1.7758%
Volume (24h): 10.12B 0.4%
Dominance: 1.7758% 1.7758%
  • Price: $0.38646 -5.0891%
  • Market Cap: 56.79B 1.7758%
  • Volume (24h): 10.12B 0.4%
  • Dominance: 1.7758% 1.7758%
  • Price: $0.38646 -5.0891%
Home > Information news > Bitcoin Drops Below $100,000, Impacting Altcoins

Bitcoin Drops Below $100,000, Impacting Altcoins

Release: 2024/11/26 22:40 Reading: 390

Original author：BH NEWS

Original source：https://coinmarketcap.com/community/articles/6745d32fc092654165ef85e2

Bitcoin Drops Below $100,000, Impacting Altcoins

Bitcoin's Drop Below $100,000 Impacts Altcoins

As Bitcoin (BTC) descends to $92,056, the cryptocurrency market experiences a downturn. This dip aligns with historical trends, suggesting that sustained surges are rare, especially due to liquidations in futures trading.

Altcoin Performance

Dogecoin (DOGE):

  • 11% decline, influenced by Bitcoin's price drop
  • Remains above $0.37
  • Liquidations and high leverage risks persist

Avalanche (AVAX):

  • Struggles amidst Bitcoin's fluctuations
  • Price falls below $40
  • Holding the $38 level crucial for potential rebound

Cardano (ADA):

  • Drops below $1
  • Continuous selling pressure may drive price down to $0.78 level

Market Outlook

  • Bitcoin's price drop affects the overall market
  • Altcoins navigate cautious outlook due to fluctuations
  • Upcoming months may provide clarity as new administration settles and potentially supports the crypto environment

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