Bitcoin’s Sluggish Price Performance Continues
Bitcoin’s price is experiencing a slow performance, with a recent drop of a few hundred dollars and currently trading just below $26,000. This has also affected other altcoins, such as XRP, ADA, DOGE, and DOT, which have seen minor daily losses of around 2%.
BTC’s Inability to Move Decisively
Bitcoin’s price movements have been atypical in the past month, with the exception of a significant drop on August 17. Since then, the price has been hovering around $26,000 and struggling to move in either direction. A recent price increase pushed BTC to $26,800, but the bears quickly drove it back down to $26,000. The weekend was uneventful, and Monday has started on a slightly negative note, with BTC dipping below $26,000.
Market Cap and Dominance
Bitcoin’s market cap has decreased to $505 billion, and its dominance over altcoins has remained at 48.3%.
Key Points:
- Bitcoin’s price is trading just below $26,000.
- Altcoins like XRP, ADA, DOGE, and DOT have minor daily losses of around 2%.
- Bitcoin has been unable to move decisively in the past month.
- A recent price increase was quickly reversed by bearish pressure.
- Bitcoin’s market cap is down to $505 billion, with a dominance of 48.3% over altcoins.
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