The altcoins have dumped hard, with Dogecoin sliding below $0.08.
BTCUSD. Source: TradingViewAs it typically happens when BTC heads south, so do most alternative coins. Ethereum is a prime example. The second-largest crypto stood above $2,100 less than a week ago after the completion of the Shapella update. Since then, though, it has lost over $250 and now trades at $1,850 after losing 4% on a daily scale.
Similar drops are evident from Binance Coin, Ripple, Cardano, Polygon, Solana, Polkadot, Litecoin, and Shiba Inu. Dogecoin has dumped the most from the top 10 alts, with a 7% decline. As a result, DOGE currently sits beneath $0.08. Further losses come from Avalanche , Chainlink , ICP , FIL , GRT , and others. Aptos and OKB have plummeted the most – by over 9% each to $10 and $48, respectively.
The crypto market cap has seen another $30 billion gone and is down to $1.150 trillion. The metric has lost over $130 billion in the past few days.
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