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These Altcoins Extend Losses as BTC Faced Rejection at $100K (Weekend Watch)

Bitcoin’s price struggles continue as the asset was violently rejected at $100,000 yesterday and pushed south by over four grand in hours. Nevertheless, many altcoins are in even worse condition, with massive double-digit losses on a weekly scale. BTC Up and Down It was a painful week for the primary cryptocurrency, which started during the previous weekend with a price slump from $102,000 to $97,000 on Sunday morning after Trump’s tariffs against China, Mexico, and Canada. The situation worsened on Monday morning with another nosedive to under $92,000. However, the cryptocurrency exploded out of the blue at this point and added ten grand within hours to spike above $102,000. That was short-lived, though, as it quickly lost the six-digit price tag and headed toward $97,000. After a few days of sideways action around that line, BTC jumped to just over $100,000 on Friday. Yet, the bears were quick to intercept the move and didn’t allow a further increase. Moreover, the rejection was quite brutal as it pushed bitcoin south to under $96,000. The asset now struggles to reclaim that level, and its market capitalization is close to breaking below $1.9 trillion. Its dominance over the alts , though, is quite high (close to 59% on CG), as most of them have been hit harder. BTCUSD. Source: TradingView Alts Back in Red The alternative coins suffered even more than BTC, and many continue to be well in the red. Ethereum has dumped by 4% over the past day alone and struggles to remain above $2,600. Chainlink, SUI, AVAX, ADA, and XMR are the other substantial price losers from the larger-cap alts, with declines of up to 7%. DOGE , BNB, SOL, and HBAR are also in the red, albeit in a less painful manner. XRP and TRX are among the few alts with minor gains over the past day. Nevertheless, the total crypto market cap has shed another $80 billion since yesterday and is down to $3.250 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post These Altcoins Extend Losses as BTC Faced Rejection at $100K (Weekend Watch) appeared first on CryptoPotato . CoinTurk News

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‘Time To Pay Attention’: Trader Justin Bennett Warns Crypto Market Could Plunge if Benchmark Index Retraces

A closely followed crypto analyst is warning that the digital assets market may be heading lower if the correlation between crypto and stocks holds. In a new thread, crypto trader Justin Bennett tells his 115,900 followers on the social media platform X that the crypto market may correct deeper as stocks tumble. “If you use the stock market for clues about crypto (recommended), the S&P 500 is getting rejected from range highs [Friday]. The most likely path here seems like a move back to the 5,877 region. That could drag crypto with it, and considering where Ethereum is trading, it’s time to pay attention.” Source: Justin Bennett/X Bennett also believes that the flagship crypto asset will continue to outperform altcoins based on Bitcoin ( BTC ) dominance (BTC.D) metric. Bitcoin dominance currently stands at 61.92%. Traders use BTC.D to track if altcoins are outperforming Bitcoin as the metric calculates how much of the crypto market cap belongs to BTC. Says Bennett, “Remember this December 4th call on Bitcoin dominance? BTC dominance never looked back. As discussed in December, I wouldn’t be surprised to see BTC.D trend toward 72% in the coming months. Respect the pattern until proven otherwise.” Source: Justin Bennett/X Lastly, he predicts that both BTC and Ethereum ( ETH ) will likely trade sideways in the near term with a bearish bias as markets react to US President Donald Trump’s latest comments on trade tariffs. “Well, BTC shorts were squeezed more than ETH shorts. Considering how weak ETH has been, this isn’t a big surprise. Once again, the Bitcoin mid-range is serving as resistance after Trump’s comments about reciprocal tariffs. Chop chop.” Bitcoin is trading for $96,715 at time of writing, flat on the day. Meanwhile, ETH is trading for $2,637 at time of writing, down 2.5% in the last 24 hours. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post ‘Time To Pay Attention’: Trader Justin Bennett Warns Crypto Market Could Plunge if Benchmark Index Retraces appeared first on The Daily Hodl . CoinTurk News