{"id":41571,"date":"2023-07-28T08:58:32","date_gmt":"2023-07-28T12:58:32","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/bitcoin-price-drops-altcoins-are-holding-up-better\/"},"modified":"2023-07-28T08:58:33","modified_gmt":"2023-07-28T12:58:33","slug":"bitcoin-price-drops-altcoins-are-holding-up-better","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=41571","title":{"rendered":"Bitcoin Price Drops. Altcoins Are Holding Up Better."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000705452\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Bitcoin was falling on Friday and on track to end the week at its lowest levels in more than  a month. <\/p>\n<p>\n        Bitcoin<br \/>\n       traded at $29.206 early on Friday, down 1.0% over the preceding 24 hours. The largest cryptocurrency gave up gains initially made after the Federal Reserve\u2019s rate decision on Thursday, as other risk assets also fell. \u00a0<\/p>\n<div class=\"paywall\">\n<p>Bitcoin is on track to finish the week at its lowest levels since late June, after falling below the psychologically important level of $30,000 earlier this week. <\/p>\n<p>\u201cUnlike prior breakdowns where altcoins sustained heavier losses than Bitcoin, they stood firm this time, backed by Ethereum and other significant alts,\u201d said Rachel Lin, the CEO of trading platform SynFutures.\u00a0<\/p>\n<p>Other cryptocurrencies beyond Bitcoin were mixed on Friday. Ether\u2014the second-largest crypto\u2014fell 0.6% to $1,866 but is broadly flat in July so far. Smaller tokens, or altcoins, were diverging, with Cardano rising 0.3% and Polygon losing 2.8%.<\/p>\n<p>\n        Dogecoin<br \/>\n       was down 3.5%, surrendering gains from earlier in the week on hopes that Elon Musk might opt to use the cryptocurrency in his plans to expand the X social-media network\u2014the new name for Twitter\u2014as a financial platform.<\/p>\n<p>Write to Adam Clark at adam.clark@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/bitcoin-price-altcoins-ether-dogecoin-84d34945?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin was falling on Friday and on track to end the week at its lowest levels in more than a month. Bitcoin traded at $29.206 early on Friday, down 1.0% over the preceding 24 hours. The largest cryptocurrency gave up gains initially made after the Federal Reserve\u2019s rate decision on Thursday, as other risk assets [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-41571","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Drops. Altcoins Are Holding Up Better. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Bitcoin was falling on Friday and on track to end the week at its lowest levels in more than a month. 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