On the other hand, ICP experienced strong dumping following the recent rally.
Bitcoin was stopped for the second time this week at $104,000 and was pushed south by over two thousand dollars over the weekend.
Most larger-cap alternative assets are also in the red on a daily basis, with ETH sliding below $3,400 and XRP below $2.30.
BTC back below $102,000
It’s been a turbulent and painful week for the leading cryptocurrency that started with a plunge on Monday. At the time, the asset had been rejected at $111,000 and pushed south to around $104,000. After a brief recovery attempt, the bears stepped in once again on Tuesday and initiated another violent decline which this time saw BTC fall below $100,000 for the first time since June.
The asset has bottomed out (at least for now) at just under $99,000. It rebounded on Wednesday and climbed to $104,000, where it was halted, and the subsequent retracement led to a further fall towards a five-digit price zone.
The rebound attempt was similar as BTC climbed to $104,000 on Friday evening, but was unable to surpass that level and is now below $102,000 again. It fell more than 8% last week and its market cap fell to $2.02 trillion on CG.
Its dominance over altcoins has also been challenged over the past seven days and is well below 58% at press time.
XMR and ZEC defy crypto correction
Most larger-cap alternative assets have followed BTC south over the past 24 hours. Ethereum is once again below $3,400, while XRP has lost the $2.30 support. More painful declines come from DOGE, ADA, HYPE, LINK, XLM and SUI.
In contrast, the two largest privacy coins stole the show with double-digit gains. ZEC rose more than 11% daily to nearly $600, while XMR hit $420 after a 13% rally.
ICP, the recent flagship, is down more than 12% daily, while TAO has been dumped by 6%.
The total crypto market cap decreased by almost $40 billion since yesterday and fell to $3.510 trillion.
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