The cryptocurrency market shows negative trends with falling prices for major assets, including Bitcoin and Dogecoin.
Bitcoin's Decline to $115K
Bitcoin started the week positively, reaching $116,800 on Saturday, but then faced a sharp pullback, dropping below $115,000. As of Monday, BTC was nearing $117,000 before facing rejection that led to a drop in market cap below $2.290 trillion.
Situation with Altcoins
Altcoins followed Bitcoin's negative trend, with Dogecoin seeing a nearly 10% drop, now struggling to stay above $0.26. Ethereum and XRP also faced significant losses, declining by 3% and 3.5% respectively, while other coins like SOL and ADA dropped around 5-6%.
Overall Cryptocurrency Market Overview
The total market cap for all cryptocurrencies lost approximately $80 billion, now sitting below $4.090 trillion. While many altcoins showed significant declines, Monero stands out with an 8% increase, approaching $310.
The situation in the cryptocurrency market remains tense, with ongoing price declines for major assets. Investors continue to watch developments with caution.
