Altcoins Continue to Bleed Out as Bitcoin Slides to Weekly Lows Amid Market Turmoil

Altcoins Continue to Bleed Out as the broader crypto market faces renewed selling pressure, driven by Bitcoin’s sharp pullback to weekly lows. Market sentiment has turned cautious again following fresh geopolitical tensions between the US and the EU, alongside uncertainty surrounding Greenland-related developments. As Bitcoin weakens, most alternative cryptocurrencies are once again struggling to find stable support.

Bitcoin Slips to Weekly Lows

Bitcoin’s recent recovery rally has now been almost completely erased. Just last week, the leading cryptocurrency surged by nearly $8,000 in a matter of days, reaching a multi-week peak close to $98,000. Optimism briefly returned to the market, with traders eyeing a potential breakout toward the $100,000 mark.

However, momentum quickly faded. After a relatively calm weekend trading near $95,000, volatility returned as global markets reopened. Renewed concerns around the EU-US trade dispute sparked a sell-off, pushing Bitcoin down from $95,500 to below $92,000. Although BTC attempted a modest rebound during intraday trading, bearish pressure resurfaced the following day, sending the asset to a weekly low under $91,000.

At present, Bitcoin is hovering around this level, struggling to regain strength. Its total market capitalization has slipped below $1.82 trillion, while its dominance has climbed to approximately 57.5%, highlighting investors’ preference for relative safety amid uncertainty. As a result, Altcoins Continue to Bleed Out under Bitcoin’s shadow.

Altcoins Deep in the Red Again

Altcoins Continue to Bleed Out for the second consecutive day, with widespread losses across major tokens. Ethereum, which traded above $3,300 over the weekend, has now dropped below $3,100 following the latest correction. XRP has also suffered, decisively losing the critical $2.00 support level after another notable decline.

Other large-cap assets are not faring much better. BNB has fallen to around $915, Solana is trading below $130, and Monero has seen a sharp drop of over 9%, slipping to roughly $580. Among the hardest-hit tokens, Internet Computer (ICP) has plunged by approximately 13%, trading near $3.70.

While a few smaller tokens have managed isolated gains, they remain exceptions in an otherwise bearish environment. Overall, the crypto market has lost an additional $80 billion in value, with total market capitalization now standing near $3.16 trillion. Until Bitcoin stabilizes, Altcoins Continue to Bleed Out, reflecting ongoing risk aversion across the digital asset space.

Make money without lifting your fingers: Start using a world-class auto trading solution.

EightCap, your trusted Partner in CFDs, Cryptocurrencies and Stocks.