These Altcoins Bleed the Most After Bitcoin’s Sudden Drop Below $84K: Market Watch

MNT, DOT, and UNI lead on the way south but there are many, many more. Bitcoin was rejected again at $87,000 on Monday, and the bears took it a step further earlier this morning, pushing it south hard to under $84,000. BTC’s decline dragged most of the altcoins with it. Ethereum slipped below $2,600, XRP dumped further away from the $1.50 support, and HYPE is close to breaking below $90. BTC Below $84K After the positive PCE data last Wednesday, which sent BTC up and down within minutes, the asset went on the offensive on Friday. It had climbed above $86,000 even before the US jobs report went live, which was weaker-than-expected. The bulls initiated another leg up, driving the cryptocurrency to over $87,000. However, the bears stepped up at this point. Bitcoin slumped in the following hours and ultimately crashed below $84,000. It rebounded to just over that level on Saturday and climbed to $85,000 on Sunday. It tried to take down the crucial $87,000 support on Monday, but it was quickly stopped and dipped to $85,000. Another breakout attempt followed on Tuesday, but BTC couldn’t go past $86,600 this time. It pulled back by a grand and stood there for a few hours before it suddenl...