Bitcoins underwhelming price actions over the weekend continue as the asset plummeted to a multi-day low of $81,600 yesterday before staging a minor recovery.

Many altcoins have produced notable losses over the past week, led by XRP and ETH from the larger caps.

BTC Struggles at $83K

Last weekend went in a dull fashion as BTCs price was stuck at $84,000. However, it started to gain traction on Sunday evening and pumped to $88,800, which became its highest price tag in over two weeks. As the community was preparing for a charge at $90,000, though, the landscape changed and bitcoin started to lose its momentum.

After a few days of sideways action around $86,000 and $88,000, the cryptocurrency slumped below the lower boundary on Friday and dropped to $83,400. It managed to sustain that level for a bit, but the bears increased the pressure over the past 24 hours.

The result came yesterday evening when BTC dropped to a 12-day low of $81,600 (on Bitstamp). It managed to react well to this Saturday crash and has recovered over a grand, but its still in the red on a daily and weekly scale.

Alicia BakeryCMO - A really good agencyDid you like this market update?

This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours! Its market capitalization has declined to under $1.630 trillion on CG, while its dominance over the alts is at 59%.

Alts Bleed Out Weekly

Although most alts are quite sluggish on a daily scale, the weekly chart is quite painful. ETH, which was close to $2,100 at one point, is down by over 8% since last Sunday and is well below $1,850 now. XRP has dropped by 9% despite the lawsuit closure against the US SEC.

BNB, SOL, ADA, TRX, LINK, XLM, HBAR, DOT, and LTC have declined by somewhere between 3-7%, while UNI has plunged by more than 11%. The biggest losers, though, are PI and HYPE, as both are down by over 20% in a week.

SUI and TON are among the few exceptions with gains over the past week. TON has risen by nearly 4%, while SUI is up by almost 7%.

The total crypto market cap has slipped below $2.8 trillion, which means that it has lost $200 billion since the peak on Monday.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.