Live updates: An ‘altcoin season’ signal flashed, but bitcoin’s slide is what set it off
After nearly two years of declines, alts have run out of sellers and steadied, while bitcoin has dropped hard, sliding back toward $63,600.
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After nearly two years of declines, alts have run out of sellers and steadied, while bitcoin has dropped hard, sliding back toward $63,600.
Weak volume and fading momentum kept XRP pinned near the bottom of its recent range, with the $1.05-$1.10 area emerging as the market’s key line in the sand.
The newly public company shed close to half of bitcoin’s entire market value in three sessions after announcing its first bond sale. Bitcoin, absorbing the same backdrop, fell less than 1%.
A rotation out of this year’s best AI and chip stocks sank Asian markets, with South Korea’s Kospi down 6%, and crypto fell with them. Bitcoin is down more than 3% on the week.
The White House issued twin executive orders to accelerate U.S. development of large-scale quantum computers while simultaneously hardening defenses against such machines.