{"id":3154,"date":"2026-05-16T21:31:57","date_gmt":"2026-05-16T21:31:57","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=3154"},"modified":"2026-05-16T21:31:57","modified_gmt":"2026-05-16T21:31:57","slug":"altcoins-slide-sharply-as-bitcoin-falls-to-two-week-low","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/05\/16\/altcoins-slide-sharply-as-bitcoin-falls-to-two-week-low\/","title":{"rendered":"Altcoins Slide Sharply as Bitcoin Falls to Two Week Low"},"content":{"rendered":"\n
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STABLE and VVV recorded the steepest declines among smaller cap altcoins, while HYPE dropped by 10% amid the broader market selloff.<\/p>\n\n\n\n

Bitcoin erased the gains from Thursday\u2019s brief rally after plunging more than $4,000 and falling below $78,000 for the first time in weeks.<\/p>\n\n\n\n

The broader crypto market also turned heavily bearish, with major altcoins such as HYPE, Zcash, Solana, Sui, Chainlink, and Cosmos posting some of the largest losses.<\/p>\n\n\n\n

Bitcoin Slips Under $78,000<\/strong><\/p>\n\n\n\n

Bitcoin surged to nearly $83,000 on May 7 before sellers pushed the asset back down to around $79,000 two days later.<\/p>\n\n\n\n

Bullish momentum briefly returned earlier in the week as buyers managed to lift BTC back toward the $82,000 level on Monday and Tuesday. However, the rally struggled to continue, while rising concerns over US inflation added additional pressure to the market.<\/p>\n\n\n\n

After facing another rejection near $81,200, Bitcoin slipped to around $78,800 on Wednesday. The asset later staged a strong rebound on Thursday, climbing several thousand dollars to reclaim $82,000 after positive developments surrounding the CLARITY Act in the United States, which successfully passed the Senate Banking Committee.<\/p>\n\n\n\n

The recovery proved short lived.<\/p>\n\n\n\n

Over the past several hours, bearish momentum intensified and dragged Bitcoin below $78,000, marking its weakest level since the beginning of the month.<\/p>\n\n\n\n

Bitcoin\u2019s market capitalization has now fallen to roughly $1.56 trillion, while its dominance over the altcoin market has climbed to 58.4%.<\/p>\n\n\n\n

Altcoins Suffer Heavy Losses<\/strong><\/p>\n\n\n\n

Most major altcoins followed Bitcoin lower during the latest market downturn.<\/p>\n\n\n\n

Ethereum declined more than 3.5% and dropped to around $2,170, its lowest level in weeks. Binance Coin also lost roughly 4.5% and slipped to about $650, while XRP continued struggling near the $1.40 mark.<\/p>\n\n\n\n

Solana experienced one of the sharper declines among leading cryptocurrencies, falling by approximately 5.5%.<\/p>\n\n\n\n

HYPE recorded the largest drop among higher market cap assets. Following a strong rally the previous day, the token has now shed around 10% of its value and is attempting to remain above the $40 level.<\/p>\n\n\n\n

Additional losses were seen across ZEC, LINK, Cosmos, SUI, and Avalanche, all of which traded deep in negative territory.<\/p>\n\n\n\n

Among lower cap tokens, STABLE, VVV, and Ethena posted double digit losses over the past 24 hours.<\/p>\n\n\n\n

The total cryptocurrency market capitalization has dropped by approximately $100 billion since Thursday and now sits well below the $2.7 trillion mark.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

STABLE and VVV recorded the steepest declines among smaller cap altcoins, while HYPE dropped by 10% amid the broader market selloff. Bitcoin erased the gains from...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3154","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=3154"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3154\/revisions"}],"predecessor-version":[{"id":3156,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3154\/revisions\/3156"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=3154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=3154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=3154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}