\n\t\t\t\t\t\t\t\t\tETH came inches away from dipping below $2,000 during yesterday’s crash.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The higher-than-expected CPI numbers for October resulted in another major leg down for bitcoin yesterday, with the asset plunging below $73,000, thus charting a near-three-month low.<\/p>\n
The altcoins shed tons of value once again, and ZEC leads the pack. The privacy token has tanked the most over the past 24 hours, dropping below $1,000 for the first time since early September.<\/p>\n
BTC Keeps Struggling<\/h2>\n
It was just a week ago when the markets rebounded from the midterm election shock, in which the Democrats won decisively on numerous fronts. Bitcoin had dropped from $78,000 to $75,600 before it skyrocketed<\/a> to $81,000 as the uncertainty seemingly vanished.<\/p>\n However, that rally was short-lived, and the bears were back in control less than 24 hours later. The so-called Thursday crash drove Wall Street and crypto south hard, with BTC plummeting from almost $81,000 to $75,200. It dipped further on Friday to $74,800 before it recovered some ground during the weekend and remained close to $76,000.<\/p>\n Monday began with another nosedive, taking BTC to $73,600. All eyes turned to the US CPI on Tuesday, with bitcoin remaining close to $74,000 ahead of the announcement. Once the MoM data came out higher than expected<\/a>, bitcoin crashed<\/a> further to under $73,000 for the first time since mid-August.<\/p>\n Although it has rebounded by a grand since then, it still struggles below $74K. Its market cap is well below $1.5 trillion on CMC, but its dominance over the alts has increased slightly to 60.5%.<\/p>\n Zcash is the poorest performer over the past 24 hours. The privacy coin has tanked by 13% and sits below $1,000 as of now. Its main rival, on the other hand, is up by 5.6%. As a result, XMR sits above $575. BTW is the other big gainer today, surging by 10% to $1.08. AVAX has added another 4% of value and trades close to $8.7.<\/p>\n In contrast, most other larger-cap alts are in the red. ETH has defended the $2,000 support, but it\u2019s still 1.6% down on the day to $2.055. BNB is down to $680, while XRP has tanked to $1.06. SOL, DOGE, HYPE, UNI, QNT, and RAIN have posted losses as well.<\/p>\n The total crypto market cap has declined by another $40 billion in a day, and it\u2019s down to $2.450 trillion on CMC.<\/p>\n \u00a0<\/p>\nZEC Leads the Pack<\/h2>\n
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