The cryptocurrency market continues to show instability, especially regarding Bitcoin and altcoins. Recent price changes and macroeconomic influences are drawing interest from investors.
BTC's Insecurity Continues
Bitcoin continues to face troubles, starting last week when the US Federal Reserve refused to lower interest rates. After a small drop, the asset's price briefly reached $119,000. However, macroeconomic factors, such as new tariffs and nuclear submarine movements, led to a significant decline. Over the weekend, Bitcoin's price fell to $112,000 but has since experienced fluctuations and dropped below $113,000 again.
Altcoins in Retrace Mode Again
Altcoins also faced serious price declines. Ethereum is sitting around $3,600, while cryptocurrencies such as XRP, SOL, DOGE, HYPE, XLM, and TON lost up to 4% of their value. The Pi Network token also dropped by 4%, approaching its all-time low. Litecoin fell 5% after its recent surge, while MNT remains one of the few altcoins showing a slight increase.
Overall Market Overview
The total market capitalization of all cryptocurrency assets decreased by $30 billion, now well below $3.8 trillion. These changes in the market highlight its current instability, causing concern among investors.
The situation in the cryptocurrency market remains tense with the decline of both Bitcoin and altcoins. Investors should keep a close eye on upcoming changes and macroeconomic factors that may influence future events.
