Resuming the Current Crypto Market Conditions 📉
Bitcoin tried to breach $60,000 yesterday but faced resistance, dropping to a low of under $56,000. Altcoins like ETH and BNB followed suit, with significant declines.
Bitcoin’s Continuing Decline
Bitcoin is currently facing challenges, failing to break through $65,000 last Monday, resulting in ongoing price decreases. The digital asset initially dropped to $58,000 on Wednesday before recovering and briefly hitting $61,000 on Thursday.
- Bitcoin faced resistance and remained below $60,000 over the weekend.
- On Monday, it retraced to $57,000 but bounced back, hitting $59,600 on Tuesday morning before dropping to $55,600 later in the day.
- Despite a slight recovery, it remains 4% down for the day, with a market cap of $1.120 trillion and dominance below 54%.
Tough Times for TON 📉
Following Bitcoin’s trend, altcoins have also experienced declines. Ethereum is at $2,400 after a 5% drop, BNB at $510, and other coins like XRP, SOL, DOGE, ADA, AVAX, and SHIB have seen moderate retracements.
- Toncoin is among the worst hit, falling by over 11% in a single day to $4.65.
- Lower- and mid-cap altcoins are also struggling, leading to a total crypto market cap decrease of $100 billion since the recent peak, now below $2.1 trillion.
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