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Pons keeps sinking as btc slips back to 78k right before the first us inflation data market watch 🕷️🌑

Pons keeps sinking as btc slips back to 78k right before the first us inflation data market watch 🕷️🌑

BTC dipped toward $78k rn after getting rejected at $80k just hours before all those big macro events kick off this week 😈. The alt scene followed right along with some heavy hits on BNB, DOGE, XLM, LINK, UNI, CRO n more.

BTC Slides Back to $78K 🖤

The main coin had a wild close to last week when it hit over $76.8k by Wednesday but the bulls jumped in hard. Instead of more dumping it blasted up several grand in under a day n crossed $82.4k for the first time in over three months 📉.

It couldnt hold the push tho n fell back to $81k fast. That stronger than expected US jobs report just added fuel to the selloff on Friday so BTC dropped to $78.8k 💸. Over the weekend it bounced n even tried charging $80k Monday morning only to get stopped again. The rejection rolled slow n hit a low of $77.6k by Tuesday. The rebound stalled at $79.6k n now its fighting around $78k with PPI dropping today n CPI next. Market cap sits calm at $1.560 trillion while dominance on the alts holds at 59 percent.

BTCUSD September 10. Source: TradingView
BTCUSD September 10. Source: TradingView

Altcoins Keep Bleeding Harder 💀

Ethereum held up okay in the dip n only fell 1.5 percent under $2.5k. Meanwhile BNB dropped 5 percent below $720, XRP slipped under $1.4 again, SOL struggles at the $100 line while DOGE, XLM, LINK, CRO, MNT n ONDO all took 5 to 7 percent hits 🔥.

PONS got wrecked the worst in the top 100 n plunged over 26 percent under $0.60 🕷️. DASH lost 14 percent, LIT 13, ARB 13, PUMP 11, TRUMP 11 n UNI 11 percent. Total crypto market cap fell over 2 percent in the last day n sits at $2.660 trillion.

Cryptocurrency Market Overview September 10. Source: QuantifyCrypto
Cryptocurrency Market Overview September 10. Source: QuantifyCrypto

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