It is a truth universally acknowledged, that a cryptocurrency in possession of a good price must be in want of a most alarming descent. Bitcoin, that most capricious of assets, continued its nosedive on Friday, plunging to a new seven-month low beneath $81,000, before staging a modest recovery to the current $84,000, which one might call a most unexpected reprieve.
There are some most notable movers among the larger-cap alts, including WLFI and BCH, which have rocketed by double digits, while ZEC, that most unfortunate of coins, has headed in the opposite direction, much to the dismay of its holders. 📉
BTC Starts to Recover?
What a week it has been for the primary cryptocurrency! After the massive price dump from the previous one, when it dropped from $107,000 to $94,000, the asset entered the current at around $95,000. However, the bears quickly retook control and initiated several consecutive leg downs, which is quite the spectacle for a coin so fond of its own dignity. 🧠
The culmination took place on Friday when Bitcoin slumped below $81,000 for the first time since April, which is a most regrettable occurrence. This came amid certain OG whales offloading their holdings, and the growing outflows of the spot Bitcoin ETFs, which have been causing quite the stir. Moreover, it liquidated over 400,000 traders at one point, including some high-profile names, such as Andrew Tate, whose financial woes are now the talk of the town. 🚀
Some relief followed suit after this mindblowing correction, and Bitcoin bounced to $85,000 later that day after the president of the New York Fed branch hinted that the central bank might actually lower the rates soon, which is a most hopeful sign for those who still cling to hope. 📈
However, this rally was short-lived, and BTC pushed south to just under $84,000 as of press time. Its market cap is well below $1.7 trillion, while its dominance over the alts is beneath 57% on CG, which is a most lamentable state for a coin that once ruled with such authority. 📉
ZEC Down, WLFI and BCH Up
Most larger-cap alts followed BTC on the way south by charting multi-month lows, which is a most disheartening sight. Now, though, they are slightly in the green but only on a daily scale. ETH, XRP, BNB, and SOL are with minor gains, while TRX, DOGE, HYPE, and ADA are with insignificant losses, which is a most unremarkable performance. 📈
A lot more volatile moves come from BCH, WLFI, and ZEC. The first two have skyrocketed by double digits since yesterday to $545 and $0.14, respectively, which is quite the feat for such modest coins. The recent high-flyer ZEC, on the other hand, has plunged by 18% to $522, which is a most unfortunate turn of events for its holders. 📉
The total crypto market cap has erased more than $300 billion since Thursday and is down to $2.950 trillion on CG, which is a most alarming figure for those who have placed their faith in this ever-changing realm. 🧠
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2025-11-22 14:36