ICP, HYPE, ASTER win if Bitcoin falls below $90,000
- Bitcoin fell below $90,000 and hit a seven-month low, with most major cryptocurrencies losing value.
- Despite the market slump, ICP, HYPE, and ASTER posted notable gains, defying broader crypto declines.
- The overall crypto market capitalization fell sharply, but weekend trading was calmer, with select altcoins showing resilience.
According to market data, Bitcoin experienced sustained price declines for several days, falling below $90,000 in recent trading. Most altcoins followed the downward trend, although several tokens posted gains against the broader market move.
The primary cryptocurrency started November at a higher level before falling in the first week of the month price details. Bitcoin briefly recovered the following week before resuming its downward trajectory in the following days.
Digital assets hit their lowest levels in about seven months during the recent decline, market data showed. Bitcoin has since recovered some ground, although its market capitalization has fallen significantly. According to market tracking services, the cryptocurrency’s dominance over altcoins has also declined.
Most altcoins fell along with Bitcoin (BTC) price movement, consistent with typical market correlation patterns. Several large-cap cryptocurrencies lost value, while many lower- and mid-cap altcoins saw similar or steeper declines, market data showed.
Several tokens defied the broader market decline, with ICP (ICP), HYPE (HYPE) and ASTER (ASTER) among the top gainers during the period, according to trading data. The total cryptocurrency market capitalization fell sharply throughout the trading day.
Weekend trading showed reduced volatility, with Bitcoin remaining in a tight price range before the subsequent decline, market observers noted.
