ASTER, HYPE Continue to Drop as Bitcoin Price Stabilizes at $107K: Weekend Watch.

It was another bloody Friday in the cryptocurrency markets, as bitcoin dumped to a multi-month low (on most exchanges) at under $104,000. The altcoins were smashed even harder, with massive price declines from the likes of ETH, BNB, XRP, SOL, DOGE, and many ￰0￱ Calms at $107K The overall market-wide calamity began last Friday when BTC dumped from $122,000 to $110,000 or down to $101,000 on exchanges like ￰1￱ bounced off last weekend and remained above $110,000. It kept climbing at the start of the business week and peaked at $116,000 on Monday and ￰2￱ faced an immediate and painful rejection at that point, which drove it south to $110,000. Although that support line held at first, the bears kept the pedal to the metal, and it gave on Thursday ￰3￱ landscape only worsened on Friday when bitcoin slumped first to $108,000 and then below $104,000, which became a three-month low (again, on most exchanges).

After such a substantial collapse, came some positive macro news as US President Trump said the tariffs he announced on China last week won’t ￰4￱ reacted with an immediate bounce to over $106,000 and has added another grand since then. Nevertheless, its market cap has slipped to $2.130 trillion, while its dominance over the altcoins is 57.3%. BTCUSD.) and ASTER (-5%). In contrast, ENA has surged by 12.5% followed by TAO (8%).

The total crypto market cap has recovered to just over $3.7 trillion on CG, but it’s still down by roughly $500 billion since last ￰5￱ Market Overview.