These 3 cryptocurrencies are taking an even bigger hit during Bitcoin's price slump By Cointelegraph

These 3 cryptocurrencies are taking an even bigger hit during Bitcoin's price slump

Cryptocurrency Jan 10, 2022 12:20PM ET

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These 3 cryptocurrencies are taking an even bigger hit during Bitcoin's price slump

The cost to purchase one Bitcoin (BTC) has dropped almost 10% in the last seven days and has been eyeing extended declines as it drops below $40,000, its interim psychological support, on Jan. 10.

BTC/USD weekly price chart. Source: TradingView

Nonetheless, the losses suffered by Bitcoin still appear less than that of some of its top crypto rivals' performances. For instance, Cardano (ADA), the seventh-largest cryptocurrency by market valuation, has dropped by nearly 11% to around $1.15 in the last seven days.

ASX/USD vs. AXS/BTC daily price chart. Source: TradingView

AXS/USD daily price chart featuring its potential downside targets. Source: TradingView

AAVE/USD vs. AAVE/BTC daily price chart. Source: TradingView

AAVE/USD daily price chart featuring its interim support and resistance targets. Source: TradingView

IOTA/USD vs. IOTA/BTC weekly price chart. Source: TradingView

IOTA/USD daily price chart featuring its interim support and resistance targets. Source: TradingView

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