Polkadot
Polkadot Falls 13 Percent as Capital Rotates Toward Bitcoin
Polkadot dropped 13.12 percent over the week amid broader altcoin weakness that pushed Bitcoin market dominance to 60.2 percent.
Polkadot fell 13.12% over the week to trade at $1.12 at midday on Monday, October 19, underperforming other major digital assets. During the same span, Ethereum declined 5.31%, Solana fell 6.19%, and XRP lost 7.22%, while Bitcoin recorded a milder weekly decrease of 1.38%.
The widespread decline across alternative cryptocurrencies contributed to a rise in Bitcoin market dominance, which reached 60.2%. The total crypto market stood at approximately $2.75 trillion, with Bitcoin accounting for $1.66 trillion.
The article highlights that liquidity disparities played a key role during the market pullback. At midday, Polkadot generated about $137 million in 24-hour trading turnover, compared to approximately $27 billion for Bitcoin, leading to more pronounced price drops across smaller capitalization assets as broader market liquidity narrowed.
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