Bitcoin’s sluggish price performance continued in the past 24 hours, with the asset losing some ground and sitting below $26,000.
Most altcoins are also slightly in the red today. SOL, LTC, SHIB, and TON have dropped the most, with losses of up to 5%.
BTC Beneath $26K
It was precisely a week ago when the primary cryptocurrency experienced its most notable daily price surge in a while. The asset had traded sideways for weeks before the Grayscale win over the SEC in a US court propelled a massive increase that pushed BTC from $26,000 to a 15-day peak at over $28,000.
However, the hype quickly evaporated, especially after the SEC’s decision to delay making a decision on all current spot Bitcoin ETF applications. The cryptocurrency retraced by a grand on the following day before it slumped by another $1,500 24 hours later.
This resulted in a price dive to an 11-week low at $25,350 on many exchanges. BTC managed to recover some ground by the time the weekend had arrived and stood at approximately $26,000. Not a lot has happened since then, as the asset trades inches below that level now as well.
Consequently, its market capitalization has slipped to just below $500 billion, while its dominance over the alts has stalled at 48.3%.
BTCUSD. Source: TradingView## These Alts Dropped More
Most altcoins charted some minor gains yesterday, but the landscape is quite different today. Ethereum is down by 1% and has slipped to $1,620. BNB, XRP, and ADA are also in the red, albeit in a more modest fashion.
Solana, Litecoin, and Shiba Inu, on the other hand, have declined by about 2.5-3% in a day. TONCOIN, the recent high flyer, has plummeted by 5.5% in the past 24 hours and trades below $1.8.
DOGE, MATIC, and TRX are among the few alts in the green today.
Gala Games’ native token is down by 5% in a day and 17% in a week amid the ongoing issues between the project’s co-founders. GMX, ASTR, and HBAR followed suit in terms of weekly losses of up to 13%.
The total crypto market cap has lost the gains from yesterday and is back to $1.040 trillion on CMC.
Cryptocurrency Market Overview. Source: Quantify Crypto
Avertissement : Les informations contenues dans cette page peuvent provenir de tiers et ne représentent pas les points de vue ou les opinions de Gate. Le contenu de cette page est fourni à titre de référence uniquement et ne constitue pas un conseil financier, d'investissement ou juridique. Gate ne garantit pas l'exactitude ou l'exhaustivité des informations et n'est pas responsable des pertes résultant de l'utilisation de ces informations. Les investissements en actifs virtuels comportent des risques élevés et sont soumis à une forte volatilité des prix. Vous pouvez perdre la totalité du capital investi. Veuillez comprendre pleinement les risques pertinents et prendre des décisions prudentes en fonction de votre propre situation financière et de votre tolérance au risque. Pour plus de détails, veuillez consulter l'
avertissement.
