The total crypto market capitalization slid sharply, but weekend trading was quieter, with select altcoins showing resilience.
Bitcoin experienced continued price declines over several days, dropping below $90,000 in recent trading, according to market data. Most altcoins followed the downward trend, though several tokens posted gains against the broader market movement.
The primary cryptocurrency entered November at elevated levels before declining during the first week of the month, according to price data. Bitcoin briefly recovered the following week before resuming its downward trajectory over subsequent days.
The digital asset reached its lowest level in approximately seven months during the recent decline, market data showed. Bitcoin has since recovered some ground, though its market capitalization has fallen significantly. The cryptocurrency’s dominance metric relative to altcoins has also declined, according to market tracking services.
Most altcoins declined alongside Bitcoin’s (BTC) price movement, consistent with typical market correlation patterns. Several large-cap cryptocurrencies lost value, while many lower- and mid-cap altcoins experienced similar or steeper declines, market data indicated.
Several tokens defied the broader market decline, with ICP (ICP), HYPE (HYPE), and ASTER (ASTER) ranking among top gainers during the period, according to trading data. The total cryptocurrency market capitalization declined sharply over the trading day.
Weekend trading showed reduced volatility, with Bitcoin remaining in a tight price range before the subsequent decline, market observers noted.
