QNT and HBAR Defy Altcoin Crash, BTC Drops Below $83K: Market Watch
Bitcoin fell below $83,000 after failing to hold $85,000, and the wider crypto market lost more than $70 billion in a day. Most altcoins moved lower, while QNT and HBAR were among the few that rose.
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Traders and holders across the market would notice the move immediately because bitcoin was below $83,000 on Monday morning and the total market value had dropped by roughly $70 billion. QNT and HBAR stood out from the rest of the market because they were still posting gains while many other major coins were weaker.
In practice, the move left the broad setup different from the prior day’s rally: Friday’s rise had already reversed, and several major altcoins were down at the same time that QNT and HBAR were still higher. What stays the same is that the market is still moving coin by coin, with the same session producing both broad weakness and a few exceptions.
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Crypto Economy
context
Where this sits in the Bitcoin series
| When | What happened | Figure |
|---|---|---|
| 1.0 years ago | BTC a 1.152e+05 $ high | today it sits -29.3 % from there |
| 4 months ago | BTC a 5.857e+04 $ low | today it sits +39.1 % from there |
From what we have stored, starting 1.0 years ago.
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