In the last 24 hours, Bitcoin’s price challenges persisted as it dipped toward $60,000, a level not seen in about a week. Most altcoins mirrored this trend, with ETH, BNB, SOL, XRP, DOGE, TON, and many others experiencing a daily decline of around 2%.
**BTC Moves Closer to $60K**
Last Thursday, Bitcoin’s value fell just below $60,000. The bulls managed to drive the price up, reaching a multi-week high of $64,500 by Monday morning. This rally followed a positive close to the previous business week and a tranquil weekend. However, the asset soon began to lose momentum and value. By Tuesday and Wednesday, Bitcoin struggled to stay above $62,000, eventually hitting a weekly low of $60,250 earlier today. Currently, BTC is hovering close to $61,000, having dropped 2% for the day. Its market cap has fallen to $1.2 trillion, but its dominance remains strong at over 54%.
**APT Experiences Significant Decline**
Altcoins have closely followed Bitcoin’s trend, leading to predominantly red charts. Major altcoins such as ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, LINK, and BCH have dropped around 2%. Shiba Inu and SUI fell by over 3%, while NEAR decreased nearly 6%. WIF and APT both saw significant declines, with APT plummeting 9% to below $8.4. In contrast, UNI defied the trend, rising almost 7% to trade above $7.6. Overall, the total cryptocurrency market cap has decreased by about $50 billion overnight, settling at $2.225 trillion.
Twitter: Despite Bitcoin’s recent slump toward $60K, altcoins are taking a hit too, with APT dropping 9%. However, UNI shows resilience with a 7% rise. #Bitcoin #CryptoUpdate
