The entire cryptocurrency market turned red on Monday morning after the relatively calm weekend trading, but the altcoins are leading the pack this time.<\/p>\n
At the same time, bitcoin has also retreated but in a more modest manner, which has increased its dominance over the market.<\/p>\n The chart above demonstrates a very clear picture of the current sentiment among the altcoins. The largest of the bunch has set the trend with a 4% drop that has taken it to a weekly low of under $4,300. ETH was rejected on a couple of occasions at $4,700 in September, and its inability to resume its bull run has caused a substantial retracement.<\/p>\n XRP lost the crucial $3 support during the weekend, and its situation has only worsened since then. Despite numerous big price predictions for a surge<\/a> to its all-time high of $3.65, the asset is down by 4% as well and sits beneath $2.9 as of press time.<\/p>\n Even more painful declines come from the likes of ADA, LINK, DOGE, HYPE, and CRO. HYPE has dumped by 8% to under $50 as Arthur Hayes disposed<\/a> of his holdings, while CRO has plunged by 9% after reports about a data breach against the exchange behind it.<\/p>\n Although there are exceptions like IP, which are well in the green, they are very few, and most other mid- and lower-cap alts are down by substantial percentages. The total crypto market cap has lost another $60 billion in a day and is down to $4.060 trillion on CG.<\/p>\n In contrast, BTC\u2019s dominance has risen to well over 56% as bitcoin\u2019s price has dropped by a more modest 1%.<\/p>\n Data from CoinGlass shows that the overall value of wrecked positions has skyrocketed to more than $630 million daily, and nearly 220,000 traders have been liquidated. ETH is the leader, with over $184 million out of the entire amount.<\/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<\/div>\n<\/div>\n![\"Liquidation](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-22-081834.png\")
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