#BTC #DOGE
Dogecoin's 11% Drop Leads Losses in Crypto Majors as Bitcoin Sours Festive Mood
“We believe the root cause of the morning’s crash to be the market’s overly bullish positioning,” QCP traders said in a Friday note.

Losses in BTC and other crypto majors extended to their third straight day.

Traders at Singapore-based QCP Capital attributed the market crash to overly bullish sentiment in the past month.

A drop in bitcoin comes amid an otherwise bullish period for the asset.

Losses in bitcoin (BTC) and other crypto majors extended to their third straight day, as risk-off behavior after this week’s FOMC meeting and general profit-taking contributed to heavy market sentiment.

BTC dropped 4.2% in the past 24 hours, with Solana’s SOL, ether (ETH) and Cardano’s ADA falling as much as 9%. Dogecoin slid the most with an 11% drop, extending weekly losses to over 21%.