Crypto Bloodbath: ETH Plummets 5%, BTC Dips to 5-Day Low—Weekend Panic!

Criptomoeda

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Bitcoin’s Roller Coaster Week: From Peaks to Pits!

$124,500 and Back Down: The Crypto Wild Ride!

Hold onto your wallets—Bitcoin has had a week for the history books! The crypto heavyweight kicked off with a jaw-dropping jump from $119,000 to a colossal $122,000! But just when the bulls thought they had it all, the bears charged back in, crashing hopes of hitting that magical $123,200 all-time high.

But wait—there’s more! On Wednesday, Bitcoin roared back, blasting past its July record, only to explode to a staggering new high of $124,500 by Thursday morning! Just when all the crypto fans were cheering, BTC’s bubble burst, plummeting back to $121,000 and then spiraling down to under $118,000 as the U.S. PPI data threw a wrench in the works!

Meeting Mayhem: Trump & Putin Don’t Move Bitcoin!

As the world watched the showdown between Trump and Putin over Ukraine’s fate, everyone held their breath! Was this the moment Bitcoin would skyrocket? Spoiler alert: it wasn’t. After all the drama, BTC managed to maintain a kinda stable price around $117,500. Can you believe that?

With a market cap retreating to $2.340 trillion and a clenched grip of nearly 58% dominance over the altcoin chaos, Bitcoin’s staying power is nothing short of a miracle!

Alts Take a Nosedive:Ethereum Takes the Brunt!

In what could only be described as a catastrophic wipeout, Ethereum, riding high only days ago at almost $4,800, has crumbled—thanks to a merciless market correction—dropping well below $4,500 with a staggering 5% daily drop! Talk about a major fall from grace!

But it’s not just Ethereum—the whole gang is bleeding red! With major players like SOL, LINK, AVAX, and SUI down 3-7%, the cries of despair from altcoin holders are echoing through the crypto corridors. The lone soldier? MNT, soaring over 10% to a rock-solid $1.2 in this sea of despair!

In the end, the total cryptocurrency market cap crumpled overnight, losing a shocking $80 billion, landing at a staggering $4.050 trillion! Is there any hope left in crypto land? Buckle up, folks—this is just the beginning!

Cryptocurrency Market Overview

The crypto game is far from over—stay tuned for what happens next!

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Source: USD @ Sat, 16 Aug.