By Nermeen Nabil Khear 
Bitcoin’s underwhelming price actions over the weekend continue as the asset plummeted to a multi-day low of $81,600 yesterday before staging a minor recovery.
Many altcoins have produced notable losses over the past week, led by XRP and ETH from the larger caps.
BTC Struggles at $83K
Last weekend went in a dull fashion as BTC’s price was stuck at $84,000. However, it started to gain traction on Sunday evening and pumped to $88,800, which became its highest price tag in over two weeks. As the community was preparing for a charge at $90,000, though, the landscape changed and bitcoin started to lose its momentum.
After a few days of sideways action around $86,000 and $88,000, the cryptocurrency slumped below the lower boundary on Friday and dropped to $83,400. It managed to sustain that level for a bit, but the bears increased the pressure over the past 24 hours.
The result came yesterday evening when BTC dropped to a 12-day low of $81,600 (on Bitstamp). It managed to react well to this Saturday crash and has recovered over a grand, but it’s still in the red on a daily and weekly scale.
Its market capitalization has declined to under $1.630 trillion on CG, while its dominance over the alts is at 59%.
Alts Bleed Out Weekly
Although most alts are quite sluggish on a daily scale, the weekly chart is quite painful. ETH, which was close to $2,100 at one point, is down by over 8% since last Sunday and is well below $1,850 now. XRP has dropped by 9% despite the lawsuit closure against the US SEC.
BNB, SOL, ADA, TRX, LINK, XLM, HBAR, DOT, and LTC have declined by somewhere between 3-7%, while UNI has plunged by more than 11%. The biggest losers, though, are PI and HYPE, as both are down by over 20% in a week.
SUI and TON are among the few exceptions with gains over the past week. TON has risen by nearly 4%, while SUI is up by almost 7%.
The total crypto market cap has slipped below $2.8 trillion, which means that it has lost $200 billion since the peak on Monday.
The post This Week’s Biggest Losers Revealed as Bitcoin Slides to $83K (Weekend Watch) appeared first on CryptoPotato.
PI and HYPE are among the biggest losers over the past week. BTCEUR, BTCGBP, BTCUSD, BTCUSDT, Crypto News, featured1, Market Updates
This articles is written by : Nermeen Nabil Khear Abdelmalak
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