After plentyย of days of trading sideways around $27,000, Bitcoinย (BTC) took a turnย for the worse and dropped to its lowest price position in almost two weeks.
The cryptoย altcoins are in no better shape, with Ethereumย (ETH) slipping below $1,800 and ADA dumping by 3 percent in a day. LDO is amongย the few exceptions with daily gains.
Bitcoin Down to 2-Week Low
Followingย the price slumped to $26,500 pastย week, Bitcoinย (BTC) recovered most losses and stood at and over $27,000 during the weekend. The start of thisย comingย week was even more positive as the digitalย currency jumped to $27,500 on Tuesday to chart a multi-day high.
Nonetheless, the bears intercepted the move and didnโt allow any further increases. Just the opposite, they pushed the investment back down to around $27,000.
The past 24 hours brought even more pain for the bulls as Bitcoin dumped by over a grand at one point and dipped below $26,000 for the 1st time since May 13. Regardlessย of bouncing off and recovering severalย hundred dollars since that low, Bitcoinย (BTC) isย still around 2 percent down on the day.
Asย aย result, its marketย cap has declined to $505 billion. Its dominance over the alts has likewise taken a slight hit and stands now at 46.1 percent on CMC.
APE Falls Hard
As it typically happens when Bitcoin heads south, so do most cryptoย altcoins. Ethereumย (ETH) is a prime example. The second- largest digital investment is down by over 2 percent and trades below $1,800.
Binanceย Cryptoย exchange Coin has retraced to $305 after a 1 percent daily decrease. More losses amongย the top 15 coins come from the likes of Ripple, Cardanoย (ADA), Dogecoinย (DOGE), Solanaย (SOL) Polkadotย (DOT), Litecoin, Shibaย Inuย (SHIB), and Avalanche.
Nonetheless, ApeCoin and Algorand have dumped the most from the top 50. APE has slumped by over 8 percent to $3.2, while ALGO is down by 5 percent to $0.15.
The cryptocurrencyย marketย capitalization has shed another $20 Billion in a day (and over $40 in two days) and is down to precisely $1.1 trillion on CMC.
