MYX, meanwhile, has fallen roughly 15 percent on the day.
Fresh tariff threats over the weekend, combined with growing concerns about a potential US government shutdown, pushed Bitcoin lower, sending it to a five week low near $86,000.
Most altcoins are trading in the red again today, with RIVER standing out as the clear exception, continuing to move independently of the broader market.
Bitcoin Drops Then Stabilizes
Bitcoin’s latest correction began a week ago when the price fell sharply from above $95,500 to $92,000 within hours of traditional markets opening. Selling pressure intensified in the following days, dragging BTC down to $87,000 by Wednesday.
A brief relief rally followed after former President Trump stated he would not use force to take control of Greenland. This sparked volatility that lifted BTC close to $91,000 before it slipped back below $90,000. Despite this bounce, sellers remained in control, and Bitcoin spent much of the quiet weekend hovering around $89,000.
On Saturday, Trump warned of imposing 100 percent tariffs on Canada if it enters a comprehensive trade agreement with China. At the same time, reports surfaced suggesting the US government could shut down amid unrest in several states.
These developments triggered another sharp drop, sending Bitcoin to its lowest level since December 19 at around $86,000 on Sunday evening. The price has since recovered modestly and is now trading near $88,000. Bitcoin’s market capitalization has declined to about $1.75 trillion, while its dominance remains steady at 57.5 percent.
RIVER Defies the Broader Market
Altcoins continue to struggle across the board. Ethereum has fallen below $3,000 and is now trading under $2,900. BNB has slipped beneath $875, while XRP is below $1.90. Solana, Cardano, and Monero have posted some of the steepest losses among large cap assets. CC is down nearly 7 percent on the day, followed by a 5 percent decline in MNT.
In sharp contrast, RIVER continues its impressive run. The token has surged 40 percent in the past day, gained 230 percent over the week, and is up an astonishing 2,100 percent over the past month. It is currently trading around $84, giving it a market capitalization exceeding $1.6 billion.
Despite RIVER’s rally, the total cryptocurrency market capitalization has fallen to approximately $3.05 trillion, shedding another $30 billion over the past 24 hours.
