This week, leading altcoins experienced significant declines as Bitcoin's price remained range-bound between $85,000 and $93,000. The lack of movement in Bitcoin led to reduced liquidity in smaller tokens, prompting traders to withdraw. The altcoins LEO, PUMP, ASTER, DASH, and TAO were the hardest hit, each suffering substantial losses. This trend highlights the vulnerability of altcoins during periods of Bitcoin price stagnation, particularly when Bitcoin's price experiences minor dips.
Top Altcoins Suffer Losses Amid Bitcoin's Stagnation
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