It looks like Bitcoin (BTC) is surprising at the area of $ 94k, and tried to briefly break the level of $ 95,000 but quickly pushed back by selling pressure, according to Data from coingecko.
The decline came days after BTC briefly tapped $ 98,000, the highest point in more than two months, before the momentum stopped. Funny enough, crypto investment funds reached $ 2 billion in net inflows last week, with Bitcoin united at $ 1.8 billion despite glittering sales signals.
- Source: Tradingview.
Moving, it looks like the week is nothing more than the lazy for the crypto market, with a total capitalization up to $ 3.03 trillion, a 2.7% drop from yesterday. Altcoins are not exactly green either, with most losses in posting 2% – 5% or more, including XRP, Solana (Sol), Dogecoin (DOGE), and Cardano (ADA).
There are not many winners today except for some AI Crypto projects and privacy coins such as Bittensor (People) and Monero (XMR).
Potential pulling back for bitcoin?
After recovering $ 97,000 last week and hitting $ 98,000 on Friday, Bitcoin seems to be ready to retrieve $ 100,000, which is a psychological level that most entrepreneurs are afraid of due to high market uncertainty. But that push has never been materialized, but what followed was huge volatility as the crypto asset lost the steam and fell back to $ 93,000 over the weekend.
The broader Altcoin market turned red, led by Litecoin, who fell 7% following a SEC decision to delay a decision on one of its ETF applications. While the extension is expected, the price reaction is sharp. LTC is now holding a little over $ 80.
Additionally, Ethhena is one of the top losses today, currently worth $ 0.26, an 8% drop in the last 24 hours and a whopping 20% on the weekly scale.
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