Bitcoin\u2019s price slump that started on Sunday morning only worsened on Monday as the asset plunged to a three-week low of around $91,000 on most exchanges.<\/p>\n
The altcoins were obliterated within the past 36 hours or so, with massive double-digit price dumps coming from many of them.<\/p>\n
BTC Dominance on the Rise<\/h2>\n
It was just three days ago when the primary cryptocurrency stood<\/a> above $106,000 despite the US Fed\u2019s decision to keep the interest rates unchanged. It cooled off on Saturday and slipped to $102,000, but that was just the start of a more severe correction.<\/p>\n Sunday morning turned red after US President Donald Trump imposed taxes on Canada, Mexico, and China, and the subsequent retaliation didn\u2019t take long. BTC slumped<\/a> from $102,000 to $97,000 but maintained within those levels for most of the day.<\/p>\n However, the bears took complete control of the market on Monday morning, and they pushed BTC south hard. Within a few hours, the cryptocurrency plunged by six more grand and dumped<\/a> to under $92,000, thus losing $10,000 since Sunday morning.<\/p>\n It bounced off after that low and now sits above $95,000. Still, its market cap has plunged to under $1.9 trillion. However, its dominance over the alts has gone up to almost 59% on CoinGecko, which is a nearly 3% increase in a day.<\/p>\n As BTC\u2019s rising dominance suggests, the altcoins were battered a lot harder. Ethereum went from over $3,000 to under $2,300 before settling at close to $2,600 as of now. Solana and Tron are among the few altcoins with a single-digit price drop on a 24-hour scale now.<\/p>\n At the same time, BNB, XRP<\/a>, DOGE, ADA, LINK, AVAX, XLM, TON, SUI, HBAR, and SHIB have plummeted by double-digits, with losses of up to 23% in the case of ADA.<\/p>\n The total crypto market cap lost over $400 billion from top to bottom at one point and now sits just inches above $3.2 trillion on CG.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\nAltcoins Bleet Out<\/h2>\n
<\/a>
\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n