{"id":40294,"date":"2026-01-20T10:47:09","date_gmt":"2026-01-20T10:47:09","guid":{"rendered":"https:\/\/financialrush.com\/?p=40294"},"modified":"2026-01-20T10:47:09","modified_gmt":"2026-01-20T10:47:09","slug":"altcoins-continue-to-bleed-out-as-bitcoin-dumps-to-weekly-lows-market-watch","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=40294","title":{"rendered":"Altcoins Continue to Bleed Out as Bitcoin Dumps to Weekly Lows: Market Watch"},"content":{"rendered":"

\n<\/p>\n

Bitcoin\u2019s recovery from last week has been almost entirely erased as the asset dipped below $91,000 earlier today after the latest developments on the EU-US trade war front and the situation with Greenland.<\/p>\n

The altcoins are deep in the red again, with ETH sliding beneath $3,100 and XRP decisively losing the $2.00 support.<\/p>\n

BTC Sees Weekly Lows<\/h2>\n

Recall that the primary cryptocurrency went on the offensive last week. It gained $8,000 in the span of just a few days and reached a multi-week high of $98,000 on Wednesday evening. When the bulls began preparing for a charge toward $100,000, the landscape shifted, and BTC slipped by a few grand in the following days.<\/p>\n

It spent the weekend trading quietly around $95,000, but volatility was expected on Monday morning as futures and Asian markets opened following the latest shots fired<\/a> between the US and the EU. Those fluctuations indeed transpired<\/a> and drove BTC south from $95,500 to under $92,000.<\/p>\n

The asset recovered some ground mid-day but dropped<\/a> once again on Tuesday morning, this time to a weekly low of under $91,000. It currently struggles around that level, as its market cap has slipped below $1.820 trillion. Its dominance over the alts stands tall at 57.5% on CG.<\/p>\n

<\/a>
BTCUSD Jan 20. Source: TradingView<\/figcaption><\/figure>\n

Alts Again in Red<\/h2>\n

The alternative coins are deep in the red for a second consecutive day. Ethereum traded above $3,300 on Sunday evening, but after the latest correction, finds itself struggling at $3,100. Ripple\u2019s native token trades well below $2.00 after another 2.6% decline. BNB is down to $915, SOL is below $130, while XMR has plunged by over 9% to $580.<\/p>\n

Even a more painful decline comes from ICP, which has dumped by 13% to $3.7. In contrast, CC has gained more than 9% and now trades above $0.12.<\/p>\n

The total crypto market cap has shed another $80 billion and is down to $3.160 trillion on CG.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview Daily Jan 20. Source: QuantifyCrypto<\/figcaption><\/figure>\n

The post Altcoins Continue to Bleed Out as Bitcoin Dumps to Weekly Lows: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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