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Double-Digit Altcoin Losses Mount as BTC Shows Weakness at $76K: Weekend Watch

Double-Digit Altcoin Losses Mount as BTC Shows Weakness at $76K: Weekend Watch


There are a few exceptions since this time last week, including BTW and TRX.

Bitcoin’s price weakness is quite telling as the asset is just hours away from closing in the red for the fifth consecutive week.

Looking at the altcoin weekly scale is also a painful view, with HYPE, NEAR, BCH, and XLM leading the pack in terms of double-digit losses. XRP, LINK, and ADA are not far behind.

BTC Weak Below $76K

October ended with the most severe hack against a crypto company in terms of USD losses, with bad actors siphoning $6.3 billion from Binance. Bitcoin’s reaction was immediate as the asset tumbled from roughly $81,000 to $76,000 in an hour or so. The subsequent rebound…

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