Polkadot Leads Altcoin Losses After Bitcoin Is Rejected at $52K

Posted on by American Coins & Gold

Polkadot Leads Altcoin Losses After Bitcoin Is Rejected at K
Bitcoin failed to hold above $52,000 after briefly breaking through the resistance level on Monday, and slipped below $49,500 in early European hours on Tuesday, pulling the broader market lower.Leading losses among the top 10 cryptocurrencies by market capitalization were Polkadot’s DOT tokens, which fell 8% in 24 hours after being a top gainer on Sunday. Others such as Solana (SOL), Cardano (ADA) and XRP averaged losses of 3.4%, while binance coins (BNB) gained 0.4%.A catalyst for DOT’s upward price movement last week was the start of the second batch of parachain auctions on the Polkadot network. Parachains are distinct…