Bitcoin dropped below $70,000 amid a broad market correction, erasing recent gains. Most major altcoins followed, with Ethereum falling below $2,100. In a notable exception, the altcoin MemeCore surged over 33% daily, trading above $2.30 and defying the downward trend as the total crypto market cap lost $60 billion.
Bitcoin’s price action worsened, dropping almost $3,000 toward $69,000 after being rejected at $76,000 last week. The asset faced volatility linked to geopolitical statements, briefly dipping below $69,000 on Tuesday before touching a weekly peak of $72,000 on Wednesday.
Most altcoins mirrored the downturn, charting 4-5% daily losses. Ethereum dropped almost 5% to struggle below $2,100, while BNB declined 3% to $630 and XRP fell beneath $1.40.
Larger-cap altcoins like ADA, DOGE, and DOT saw more painful decreases. TRX was a rare exception, trading slightly in the green while others like ZRO, SIREN, TRUMP, and MORPHO posted losses exceeding 6%.
In stark contrast, MemeCore exploded by over 33% daily and now sits above $2.30. This performance made it the standout altcoin resisting the widespread sell-off.
Bitcoin’s market capitalization declined to under $1.4 trillion, with its dominance over alts down to 56.5% on CoinGecko. The total cryptocurrency market cap shed $60 billion in a day, falling to $2.460 trillion on CoinGecko.
