CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$29,987.00
  • ethereum
    ETH$2,040.67
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Crypto Fund
    Home » Market Updates » Market Watch: All Top 40 Excluding ALGO in Deep Red, BTC Below $50K

    Market Watch: All Top 40 Excluding ALGO in Deep Red, BTC Below $50K

    Author: Jordan Lyanchev

    Last Updated Dec 6, 2021 @ 21:51

    ALGO is the only larger-cap digital asset in the green today, as Bitcoin, Ethereum, Binance Coin, and all others have plunged once more.

    The price corrections in the cryptocurrency market continue as bitcoin failed to reclaim $50,000. Most altcoins are deep in red today, with Ethereum close to breaking below $4,000 and substantial drops from Solana, Ripple, Polkadot, Terra, Avalanche, and more.

    Bitcoin Failed at $50K

    It’s safe to say that bitcoin’s price has seen better days, which weren’t all that long ago. Just on Friday, the cryptocurrency traded around $58,000 after another unsuccessful attempt to overcome the resistance at $59,000.

    This is where the situation changed for the worse as BTC plummeted firstly to $51,000 before another massive dump drove it to a two-month low of $42,000.

    After this massive $16,000 crash, the asset bounced off and neared $50,000, as reported yesterday. It stood there for a while but ultimately failed to conquer it.

    As a result, BTC has retraced now to around $48,000, and its market capitalization is down to just over $900 billion.

    Alicia Bakery
    CMO - A really good agency

    Did you like this market update?
    This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

    Invalid email address
    Your privacy is guranteed.
    Thanks for subscribing, you will get your first report in the next hours!
    BTCUSD. Source: TradingView
    BTCUSD. Source: TradingView

    ALGO in Green: All Other Alts Not

    The alternative coins also fell hard on Saturday morning and attempted recovery sessions on Sunday. Today, however, most are in the red again.

    Ethereum exceeded $4,300 briefly yesterday before another 4.5% decline now has driven the second-largest crypto to just over $4,000.

    Binance Coin (-3%) is below $560 and the rest of the larger-cap alts have lost even more value, including Solana (-9%), Cardano (-5.5%), Ripple (-7%), Polkadot (-8%), Dogecoin (-6%), and Shiba Inu (-6.5%).

    Terra, Avalanche, and CRO have dumped even more by double-digit percentages in a day. Algorand is the only larger-cap alt that it’s in the green today following a 3% increase.

    More daily losses come from Kadena (-24%), Immutable X (-20%), Quant (-17%), Fantom (-16%), Harmony (-16%), THORChain (-15%), IoTeX (-15%), Helium (-15%), and many others.

    The cryptocurrency market cap is down by $120 billion since yesterday and $400 billion since Friday to $2.2 trillion.

    Cryptocurrency Market Overview. Source: Quantify Crypto
    Cryptocurrency Market Overview. Source: Quantify Crypto
    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.


    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
    Tags: Algorand Bitcoin (BTC) Price
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$29,987.00
  • ethereum
    ETH$2,040.67
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Bittrex CBO: Why Bittrex Lost its Lead, Token Sales’ Critical Mistakes, and How to Get Listed (Interview)

    Bittrex CBO: Why Bittrex Lost its Lead, Token Sales’ Critical Mistakes, and How to Get Listed (Interview)

    What is Balancer Protocol? Everything You Need to Know

    What is Balancer Protocol? Everything You Need to Know

    Coinbase Wallet For Beginners: The Complete Guide

    Coinbase Wallet For Beginners: The Complete Guide

    Tether Has No Plans to Go Public: CTO Paolo Ardoino (Exclusive Interview)

    Tether Has No Plans to Go Public: CTO Paolo Ardoino (Exclusive Interview)

    NFTs Will Play a Critical Role and Translate into Transferable Credentials: HBAR’s Alex Russman (Interview)

    NFTs Will Play a Critical Role and Translate into Transferable Credentials: HBAR’s Alex Russman (Interview)

    What is Azuki? All You Need to Know About the NFT Collection

    What is Azuki? All You Need to Know About the NFT Collection

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top