These Altcoins Bleed Out as Bitcoin (BTC) Struggles at $84K (Weekend Watch)

Bitcoin’s relatively positive business week ended on the wrong foot as the asset erased all gains and plunged below $84,000.The altcoins are also struggling on a daily scale, with ETH dropping beneath $1,900, while XRP is well under $2.15.BTC Slips to $84KIt all seemed to be going well for the primary cryptocurrency, whose price started to gain traction last Sunday and peaked on Monday. Within that 24-hour period, the asset jumped by several grand andmarkeda multi-week high of just under $89,000. The ETF inflows hadchangedfor the better, and the overall sentiment had improved.However, BTC couldn’t break through that resistance and started to consolidate in the next few days, trading mostly in a tight range between $86,000 and $88,000. On Friday, though, the lower boundary gave in and bitcoin slumped beneath it.It kept going south and dropped to $83,500 for the first time since last Friday. Thus, BTClostall gains made during the week. As of now, it struggles below $84,000 once again, while its market cap has plunged to $1.665 trillion on CG. The silver lining is its growing dominance over the alts, which has spiked to 59.1% as most have bled out heavily.Alts Turn RedAs mentioned above, most altcoins have posted notable price declines lately. Ethereum, which challenged $2,100 earlier this week, is below $1,900 now after another drop in the past 24 hours. Ripple’s native token has lost another 4% of value despite the positive news for the company this week. As a result, XRP sits beneath $2.15.More daily losses come from the likes of BNB, SOL, DOGE, ADA, LINK, TON, SUI, and many others. In fact, the last two have lost over 6% of value in the past day alone.With most other alts in a similar state, it’s no wonder that the total crypto market cap has dropped to $2.810 trillion – almost $200 billion lower than this week’s peak.