PEPE Down Hard Weekly
- Most altcoins are down by up to 1% to $1,860, $0.7, and $240, respectively.
- Cardano and Litecoin have seen similar drops.
- Dogecoin and Polygon have retraced the most from the larger-cap alts.
- ICP is among the few exceptions on a daily scale, posting a 3% increase that pushed it to $4.25.
- The total crypto market cap has lost some steam and struggles at $1.180 trillion on CMC.
- Bitcoin remains relatively calm after the US Fed’s latest interest rate hike, but the past 24 hours brought a minor retracement that pushed the asset back down to just over $29,000.
- Most altcoins have lost some steam today, with DOGE and MATIC losing the most value from the larger caps.
- Bitcoin’s week started on a negative tone as the asset failed during its Sunday conquest at $30,300, and the subsequent rejection pushed it south hard, and BTC found itself dumping to a monthly low at under $29,000 on Monday.
- The bulls managed to intervene at this point and didn’t allow any further declines.