DigiByte (11.89%) and Orchid (30%) defy the trend as Bitcoin drops to $10,653. Ethereum, Ripple, ChainLink, and Polkadot all in red too.
The week has started with most altcoins struggling for meaningful moves, and action looking more likely to depend on how Bitcoin holds above $10,800.
Although the pioneer crypto-asset managed to crack $11,000 and posted a weekly candle at $10,925, it has been a challenging few hours already for bulls. BTC/USD is down 2.95% as of writing to see bears pushing prices to the lower limits of $10,600.
If bulls fail to hold the area, a retest of $10,500 and weekly lows around $10,300 could pull altcoins even lower.
Altcoin market outlook
While several altcoins in the top 100 are shadowing the flagship BTC/USD pair, losing by more than 3% over the past 24 hours, many more are getting bashed.
There are not many coins in green as of writing, with sell-offs pushing prices lower amid stagnation for the leading coin Bitcoin.
However, two altcoins stand out among the top 100: DigiByte (DGB) and Orchid (OXT).
DGB/USD price
DigiByte is the biggest gainer among the top 50 coins with its price against the US dollar 11.89% in the green over the past 24 hours to trade at $0.029.
The uptick in the price of DigiByte comes as the cryptocurrency looks to use its partnership with PAC Global to highlight its strength as a blockchain network. The DGB/USD pair recently broke above a falling wedge pattern to spring above major resistance at $0.026. With the price above both the 50 and 100 MAs, bulls are likely to aim for $0.03.
