Altcoins
Bitcoin Slides Towards $60,000 As Altcoins Run Out (Weekend Watch) — TradingView News
Cryptocurrency markets are currently down on relatively low trading volumes. Bitcoin is sliding towards $60,000 and the majority of altcoins are slowly depleting.
Total market cap falls to $2.37 trillion. Bitcoin price slides towards $60,000
Bitcoin price is trading down 1.3% over the past 24 hours, bringing its total losses to around 6% for the week.
At the time of writing, the leading cryptocurrency is sliding towards $60,000 as overall trading volume is relatively low.
The last 24 hours saw a total of $100 million in liquidations, with BTC leading (as almost always) with $37 million. Altcoins are bleeding out
Many large-cap altcoins are also seeing slight declines. For example, ETH is down 1.8% on the day, BNB – 1.6%, SOL – 2.5%, TON – 1.7%, and so on.
Others are down more significantly, like UNI, which fell 6%.
Meme coins, an interesting category in the cryptocurrency market, also saw similar losses. The cohort, as a whole, is down more than 3% in the last 24 hours, with DOGE and SHIB down 1.3%.
The PEPE fell by 5.2%, while the BON fell by 3%.
Overall, Lido’s LDO governance token, which is down 15%, is the worst performer today. Ethena’s ENA is down 9.2%, followed by Starknet’s STRK, which is down 6.4%.
At the other end of the spectrum, the best performer is Quant’s QNT token, which soared 10% on the day. Arweave’s AR comes in second, with a 4% increase.
That said, trading volumes across the board fell to around $67 billion over the past day, which is to be expected considering it’s the weekend. However, it is interesting to see how this relatively narrow range resolves and whether the bulls will take a stand or the correction will deepen.