{"id":42143,"date":"2024-11-26T12:09:20","date_gmt":"2024-11-26T12:09:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xrp-sol-and-doge-pare-gains-as-bitcoin-retraces-below-93k\/"},"modified":"2024-11-26T12:09:20","modified_gmt":"2024-11-26T12:09:20","slug":"xrp-sol-and-doge-pare-gains-as-bitcoin-retraces-below-93k","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xrp-sol-and-doge-pare-gains-as-bitcoin-retraces-below-93k\/","title":{"rendered":"XRP, SOL and DOGE pare gains as Bitcoin retraces below $93k"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_XRP-20-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_XRP-20-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_XRP-20-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/07_XRP-20-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>XRP and Solana fell 11% respectively as top altcoins mirrored Bitcoin\u2019s decline.<\/li>\n<li>BTC touched $91,700, down over 6% in 24 hours.<\/li>\n<li>While DOGE also fell, analysts say it\u2019s not panic-worthy.<\/li>\n<\/ul>\n<p>XRP, Solana and Dogecoin have retraced more than 10% each as top altcoins mirror Bitcoin\u2019s pullback from near $100k.<\/p>\n<p>With the top digital asset falling 6% to below $93k, the prices of XRP, SOL and DOGE followed suit with dips of more than 11% for XRP and Solana and over 12% for the top meme coin Dogecoin.<\/p>\n<h2>BTC retraces as momentum fades<\/h2>\n<p>The flagship cryptocurrency rose sharply in November and nearly pushed to the coveted $100,000 level. Trump\u2019s win, spot ETFs interest and interest rates cut added to the upside momentum. MicroStrategy\u2019s <a href=\"https:\/\/coinjournal.net\/news\/michael-saylor-announces-plans-to-raise-21-billion-to-buy-bitcoin\/\">BTC buying spree<\/a> has been another huge catalyst.<\/p>\n<p>However, despite MicroStrategy\u2019s staggering $5.4 billion buy on Monday, Bitcoin price continued lower since failing to break $100k. This came as the market saw a huge $430 million liquidation, with ETFs recording over $438 million in net outflows. It ended the market\u2019s five-day streak.<\/p>\n<p>Commenting on the market outlook, analysts at QCP Capital <a href=\"https:\/\/x.com\/QCPgroup\/status\/1861341803104084153\" target=\"_blank\" rel=\"noopener\">noted<\/a>:<\/p>\n<p>\u201cNo immediate catalysts: With U.S. holidays approaching and major economic data like tonight\u2019s FOMC minutes and tomorrow\u2019s PCE report, the market lacks momentum to push #BTC toward $100K. #BTC was extremely overbought post-election, making a cooldown inevitable.\u201d<\/p>\n<p>BTC had touched lows of $91,700 at the time of writing.<\/p>\n<h2>It\u2019s not a crash<\/h2>\n<p>While Bitcoin\u2019s downside has caution for volatility cascading to the broader market, analysts say its \u201cnot panic-worthy\u201d<\/p>\n<p>\u201cIt\u2019s not just BTC. ETH\u2019s implied volatility skews toward puts, signaling broader caution. Growing downside risks have many bracing for more volatility in the coming days. But is this panic-worthy? Not quite. This isn\u2019t a crash\u2014it\u2019s a retracement to last week\u2019s levels. The market is taking a breather after a strong rally,\u201d the analysts <a href=\"https:\/\/x.com\/QCPgroup\/status\/1861341810867773750\" target=\"_blank\" rel=\"noopener\">said<\/a>.<\/p>\n<p>XRP traded near $1.32, while Solana had dipped to $225 and DOGE to $0.37.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/xrp-sol-and-doge-pare-gains-as-bitcoin-retraces-below-93k\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) XRP and Solana fell 11% respectively as top altcoins mirrored Bitcoin\u2019s decline. BTC touched $91,700, down over 6% in 24 hours. While DOGE also fell, analysts say it\u2019s not panic-worthy. XRP, Solana and Dogecoin have retraced more than 10% each as [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":42144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42143"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=42143"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/42144"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=42143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=42143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=42143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}