{"id":43690,"date":"2026-05-16T10:18:21","date_gmt":"2026-05-16T10:18:21","guid":{"rendered":"https:\/\/cryptd.in\/altcoins-crash-as-bitcoin-btc-dumps-to-2-week-low-weekend-watch\/"},"modified":"2026-05-16T10:18:21","modified_gmt":"2026-05-16T10:18:21","slug":"altcoins-crash-as-bitcoin-btc-dumps-to-2-week-low-weekend-watch","status":"publish","type":"post","link":"https:\/\/cryptd.in\/en\/altcoins-crash-as-bitcoin-btc-dumps-to-2-week-low-weekend-watch\/","title":{"rendered":"Altcoins Crash as Bitcoin (BTC) Dumps to 2-Week Low: Weekend Watch"},"content":{"rendered":"

Bitcoin\u2019s impressive but brief price pump on Thursday evening came to a screeching halt as the asset has dumped by over $4,000 since then to a multi-week low of under $78,000.<\/p>\n

Essentially all larger-cap alts are in the red today, with HYPE, ZEC, SOL, SUI, LINK, and CC posting the biggest losses.<\/p>\n

BTC Dips Below $78K<\/h2>\n

The primary cryptocurrency rocketed to almost $83,000 on May 7, but it was stopped and driven south to $79,000 two days later. The bulls stepped up in the following days, once again, and drove the asset to $82,000 on a couple of occasions on Monday and Tuesday. However, it couldn\u2019t keep climbing, and the worrying inflation numbers in the US poured more oil on the fire.<\/p>\n

Bitcoin dipped to $78,800 on Wednesday after another rejection at $81,200. It sat there for a bit before it rocketed by several grand to $82,000 on Thursday. This impressive price rally was driven by the positive developments on the CLARITY Act in the US, as it finally passed<\/a> the Senate Banking Committee.<\/p>\n

This run was short-lived as the bears resumed control of the market. The past 12 hours or so have been particularly painful<\/a> as they managed to drive the cryptocurrency south to its lowest position since the start of the month at under $78,000.<\/p>\n

Its market capitalization has dipped to $1.560 trillion, while its dominance over the alts is up to 58.4% on CG.<\/p>\n

\"BTCUSD<\/a>
BTCUSD May 16. Source: TradingView<\/figcaption><\/figure>\n

Alts Bleed Out<\/h2>\n

Most altcoins have followed BTC on the way south today. Ethereum is down by over 3.5% to a multi-week low of its own at $2,170. BNB is down by 4.5% to $650, while XRP struggles at around $1.40. Solana has plummeted by 5.5% to $6.<\/p>\n

HYPE has dumped the most from the larger-cap alts. After yesterday\u2019s surge<\/a>, the token has lost 10% of its value now and is fighting to stay above $40. ZEC, LINK, CC, SUI, and AVAX are also deep in the red.<\/p>\n

STABLE, VVV, and ENA have slumped by double-digits in the past day. The total crypto market cap has shed $100 billion since Thursday and is well below $2.7 trillion on CG.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview May 16. Source: QuantifyCrypto<\/figcaption><\/figure>\n

\u00a0<\/p>\n

The post Altcoins Crash as Bitcoin (BTC) Dumps to 2-Week Low: Weekend Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s impressive but brief price pump on Thursday evening came to a screeching halt as the asset has dumped by over $4,000 since then to a multi-week low of under $78,000. Essentially all larger-cap alts are in the red today, with HYPE, ZEC, SOL, SUI, LINK, and CC posting the biggest losses. BTC Dips Below […]<\/p>\n","protected":false},"author":1,"featured_media":43692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-43690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nAltcoins Crash as Bitcoin (BTC) Dumps to 2-Week Low: Weekend Watch - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/en\/altcoins-crash-as-bitcoin-btc-dumps-to-2-week-low-weekend-watch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Altcoins Crash as Bitcoin (BTC) Dumps to 2-Week Low: Weekend Watch - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Bitcoin\u2019s impressive but brief price pump on Thursday evening came to a screeching halt as the asset has dumped by over $4,000 since then to a multi-week low of under $78,000. 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