Bitcoin Takes a Joyride While Altcoins Can’t Even 🤦‍♀️

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So, Bitcoin decided to pull a dramatic stunt this past Sunday. It started plummeting like it was auditioning for a tragic Greek play, landing at a jaw-dropping low of around $91,000. We’re painting the town red, folks! 🎨

Meanwhile, poor altcoins were just monologuing their sad soliloquies as they got absolutely smashed in the last 36 hours. We’re talking double-digit price dumps; it’s like they each went to a party and came back with a hangover. Yikes! 🥴

BTC‘s Dominance: The Rise of the Basic Bitch

Can you believe it? Just three days ago, Bitcoin was feeling itself at over $106,000. The Fed decided to take a chill pill regarding interest rates, and Bitcoin thought, “What could possibly go wrong?” Spoiler alert: everything. It fizzled down to a modest $102,000 before it hit rock bottom.

Then, with the subtlety of a hippo on ice skates, Sunday turned into a complete mess after President Trump decided to tax our neighbors. The crypto world went from calm to chaotic faster than you can say “cryptocurrency.” BTC dived from $102,000 to $97,000, held that cooler-than-cool vibe for a hot minute, and then, bam, bears came in and crashed the party. 🔥

Monday was a horror story: Bitcoin nosedived another $6,000 to land under $92,000, taking a heartbreaking $10,000 dip since Sunday dawn. It managed to crawl back above $95,000 — a true underdog moment — but the market cap? Let’s just say it’s discovering the meaning of “under $1.9 trillion.” 💔

Nonetheless, the one silver lining is BTC’s dominance over the alts, which has skyrocketed, reclaiming almost 59% of the market on CoinGecko. I mean, nothing like a good meltdown to remind you who’s boss, right? 😎

Altcoins: The Crying Game

With BTC basking in the spotlight, altcoins took a good beating. Ethereum spiraled down from over $3,000 to below $2,300, and now it’s doing the walk of shame at about $2,600. Meanwhile, Solana and Tron are like the lucky kids who somehow only got a pat on the back instead of a full-on facepalm. 🙃

But wait, there’s more! BNB, XRP, DOGE, ADA, LINK, AVAX, XLM, TON, SUI, HBAR, and SHIB? They all took a nosedive, some sinking like the Titanic — I’m looking at you, ADA, with losses up to 23%. 🥲

The total crypto market cap went on a bit of an existential crisis, shedding over $400 billion quicker than you can say “cryptocurrency.” And now? We’re just teetering above a mere $3.2 trillion on CG. Talk about a rollercoaster ride! 🎢

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2025-02-03 13:18