Altcoin News

Gloomy week for PEPE(13% Down), Bitcoin on $29K

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.

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