Bitcoin and Altcoins Get Pulled Over for a Market Speeding Ticket 💸🚀

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Well, folks, Bitcoin’s taken a nosedive that started on Friday, and it’s like the asset hit a pothole, slumping to a two-week low of just over $81,000 earlier today. Talk about a rocky road! 😅

But hey, Bitcoin’s having a picnic compared to the altcoins, who are getting totally pummeled. Many of these poor souls are posting double-digit price declines on a weekly scale, pushing the total market cap south to a measly $2.750 billion. Ouch! 🤕

BTC Keeps Taking a Powder

A week in the cryptocurrency markets can feel like a roller coaster, and this past one was no exception. Remember last Monday when bitcoin shot up to $88,800? It was like the asset was auditioning for the role of “Best Supporting Coin” in the Crypto Oscars! 🏆

But, alas, the good times couldn’t last. It held above $86,000 for a few days, but by Friday, the $86,000 support line crumbled like a house of cards, and BTC started its downward spiral. The weekend brought the grand finale, with bitcoin slipping to $81,600.

It bounced a bit, hitting $83,000 on Sunday, but the bears had other plans. Monday morning, BTC took another nosedive, dropping to $81,300 on Bitstamp — a new two-week low. Currently, BTC is struggling to stay above $82,000, trading seven grand lower than this time last week. Its market cap has plummeted to $1.630 trillion, but at least its dominance over the altcoins is up to 59.2%. 🤷‍♂️

Altcoins Get a One-Way Ticket to Nowhere 🛫

The growing BTC dominance during market retracement means only one thing for the alts: it’s worse than a bad joke. The biggest losers from the larger caps are SUI, HBAR, LEO, and XRP, with price declines of up to 8%. That’s a lot of red ink! 💦

DOGE, ADA, BNB, LINK, and XLM are also in the red, but in a less painful manner. However, the weekly chart is a bloodbath. ETH, XRP, ADA, LINK, AVAX, HBAR, and LTC have all plunged by double-digits. It’s like they’re all competing in a “Who Can Fall the Fastest” contest. 😂

But every cloud has a silver lining. CRO has gained 20%, and TON is up by 6%. Small victories, I guess. Nevertheless, the total crypto market cap has wiped out $250 billion since last Monday’s peak and is down to $2.750 trillion. Time to grab the popcorn and watch this market thriller! 🍿

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2025-03-31 10:28