Bitcoin continues losing ground, reaching a two-week low of $81,000. Altcoins have suffered even more with the overall market cap plummeting.
BTC Keeps Plunging
Last week, Bitcoin hit $88,800, marking its highest value in two weeks. However, it gradually began to decline in value. By the end of the week, Bitcoin dropped to $81,600 and further to $81,300, marking a new two-week low. At the time of writing, Bitcoin struggles to hold above $82,000.
Altcoins on a Downfall
With rising BTC dominance, altcoins show even greater losses. Major altcoins like SUI, HBAR, LEO, and XRP declined, while DOGE, ADA, BNB, LINK, and XLM also show negative daily trends. However, the weekly chart looks much worse.
Overall Market Picture
Despite the challenges faced by the crypto market, CRO appreciated 20% and TON increased by 6%. Nevertheless, the total market cap has shrunk by $250 billion, now standing at $2.750 trillion.
The situation in the cryptocurrency market remains unstable. Bitcoin continues fighting for recovery while altcoins face more significant setbacks.
