Bitcoin’s Dramatic Plunge: Altcoins Join the Meltdown! 😱💸

In the recent hours, the illustrious Bitcoin, that capricious creature of the digital realm, has taken a rather unfortunate turn. It has relinquished its grip on the exalted $105,000 threshold, tumbling downwards by a trifling sum of three thousand dollars. One might say, it has chosen to engage in a rather theatrical descent.

As if in a synchronized dance of despair, the altcoins have also donned their crimson attire. Ethereum, that once-mighty titan, now languishes at a mere $2,300, while the ever-enthusiastic DOGE has plummeted to $0.35, and ADA, poor soul, has lost its footing below the $1 mark. Truly, a sight to behold! 🎭

BTC‘s Descent

The weekend had bestowed upon Bitcoin a fleeting moment of glory, as it basked in the warmth of the $100,000 realm during the tumultuous TRUMP-token escapade. Yet, as the sun rose on Monday, the winds of fortune shifted dramatically. BTC, like a wayward traveler, veered southward, plummeting from $106,000 to just shy of the $100,000 precipice. But lo! A miraculous bounce ensued, propelling it to an unprecedented height of over $109,000. Such is the fickle nature of fortune! 🥳

However, following this dizzying ascent, Bitcoin found itself in a state of decline once more, coinciding with the rather uneventful Trump inauguration speech, during which our dear cryptocurrency was conspicuously absent from the discourse. The result? A further slump, as if the market itself sighed in disappointment.

Yet, on Wednesday, a glimmer of hope emerged, as Bitcoin clawed its way back to around $105,000. Alas, the past 24 hours have been a veritable agony, with BTC now languishing at approximately $102,000. Its market cap has taken a hit, yet it remains above the lofty $2 trillion mark, while its dominance over the altcoins hovers above 55% on CG. A true testament to resilience, or perhaps just stubbornness! 😏

Alts in Distress

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2025-01-23 12:52