Bitcoin's volatility is casting a shadow over the altcoin market, with several major cryptocurrencies experiencing significant losses this week. The total market capitalization of altcoins has dropped by over 5% in the past 24 hours. The biggest losers include Terra (LUNA) and Cosmos (ATOM), which have seen their prices plummet by over 15% in the past week. Other notable losers include Solana (SOL) and Polygon (MATIC).
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
Despite some double-digit gainers in the market, the overall trend is bearish, with many altcoins struggling to stay afloat amidst the uncertainty surrounding Bitcoin's price. The weekend is expected to bring further volatility, with investors eagerly awaiting the next major price movement.
