Cryptocurrency

Wednesday

Bitcoin

Bitcoin’s price movements have calmed over the weekend, somewhat expected, and the asset stands still at around $62,000. 
Most alts have performed in a similar fashion since Friday, but the weekly landscape is quite painful, with several double-digit losers. 
<h2 id="btc-stalls-at-62k">BTC Stalls at $62K</h2> 
It’s safe to say that it wasn’t a good week for the primary cryptocurrency. It stood above $66,000 last Sunday but its troubles began as soon as Monday with a nosedive to $63,000. The situation worsened mid-week amid the escalating tension in the Middle East. This <a href="https://cryptopotato.com/crypto-markets-bleed-150-billion-in-2-days-as-bitcoin-btc-slumps-toward-60k-market-watch/" data-wpel-link="internal">culminated</a> on Wednesday and Thursday with a few price dips below the coveted $60,000 level. 
Nevertheless, the bulls managed to defend that level and pushed bitcoin north. Since that multi-week low on Thursday, the cryptocurrency has regained about two grand and now <a href="https://cryptopotato.com/bitcoin-price-pumps-above-62000-but-this-viral-meme-coin-skyrockets-25-weekend-watch/" data-wpel-link="internal">stands around</a> $62,000. Its movements during the weekend have been quite dull. 
Still, bitcoin is down by more than 5% in the past week. This means that its market dominance has plunged from over $1.3 trillion to $1.225 trillion now. Its dominance over the alts, though, has increased during the same period to 54.3% on CG. 
<figure id="attachment_364530" aria-describedby="caption-attachment-364530" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-4.png" data-wpel-link="internal"><img class="size-full wp-image-364530" src="https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-4.png" alt="Bitcoin/Price/Chart 06.10.2024. Source: TradingView" width="3030" height="1478" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-4.png 3030w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-4-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-4-1024x499.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-4-768x375.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-4-1536x749.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-4-2048x999.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-4-50x24.png 50w" sizes="(max-width: 3030px) 100vw, 3030px"></a>
 <figcaption id="caption-attachment-364530" class="wp-caption-text">
 Bitcoin/Price/Chart 06.10.2024. Source: TradingView
 </figcaption>
</figure> 
<h2 id="xrp-doge-lead-on-the-way-down">XRP, DOGE Lead on the Way Down</h2> 
Ripple’s native token was frequently in the news during the week. Although it started positively with a filing for an XRP ETF, the SEC was quick to halt the enthusiasm by<a href="https://cryptopotato.com/xrp-price-crashes-12-as-sec-appeals-in-the-ripple-lawsuit/" data-wpel-link="internal"> filing an appeal</a> against a 2023 court decision about the secondary sales of the asset. 
This had a dramatic impact on its price as it tumbled by 15% within less than a day from over $0.6 to $0.51. XRP is still down by double digits on a weekly scale, even though it has recovered slightly to $0.53. 
The other notable losers on a weekly scale from the larger-cap alts include DOGE (-13.7%), ADA (-11.4%), SHIB (-11.4%), DOT (-12.4%), NEAR (-12.2%), and more. 
The total crypto market cap lost over $150 billion at one point during the week but has regained some traction and is now at $2.250 trillion on CG. 
<figure id="attachment_364531" aria-describedby="caption-attachment-364531" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-06-112331.png" data-wpel-link="internal"><img class="size-full wp-image-364531" src="https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-06-112331.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="3124" height="1492" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-06-112331.png 3124w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-06-112331-300x143.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-06-112331-1024x489.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-06-112331-768x367.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-06-112331-1536x734.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-06-112331-2048x978.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-06-112331-50x24.png 50w" sizes="(max-width: 3124px) 100vw, 3124px"></a>
 <figcaption id="caption-attachment-364531" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure> 
The post <a href="https://cryptopotato.com/these-alts-dumped-the-most-weekly-as-bitcoin-btc-calms-at-62k-weekend-watch/" rel="nofollow">These Alts Dumped the Most Weekly as Bitcoin (BTC) Calms at $62K (Weekend Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

These Alts Dumped the Most Weekly as Bitcoin (BTC) Calms at $62K (Weekend Watch)

Table of Contents

CryptoPotato_News

Other articles published on Oct 6, 2024

Pi Network Introduces Pi Influencer Program: Will It Spark More Buzz?

Coinpedia Fintech News

Why These 5 Layer-1 Blockchains Are Critical for 2024’s Decentralized Ecosystem

Weekly Ripple v. SEC Lawsuit Recap: Agency Appeal, XRP Price Drop, and More

SEC's Ripple Appeal Might Work in Coinbase's Favor

Meme Coins Generate Profit for Investors

Join our free newsletter for daily crypto updates!