Bitcoin failed to hold its recent move higher after briefly touching 72,000 dollars on Sunday and has since pulled back by more than 2,000 dollars. The broader market has weakened alongside BTC, with most large cap altcoins trading lower after modest weekend gains. WLFI and Monero are among the few assets resisting the downturn.
Bitcoin Loses Momentum Again
Bitcoin has seen sharp swings over the past few weeks. At the end of January, it fell from 84,000 dollars to below 76,000 after already retreating from a local high near 90,000. A short lived rebound carried the price to 79,000, but selling pressure soon returned. The decline accelerated late last week, sending BTC down to 60,000 dollars, its lowest level since before the US presidential election in November 2024.
Following the steep drop, Bitcoin rebounded strongly, climbing back to 72,000 dollars on Friday and Saturday. That level proved to be strong resistance, and after another failed attempt on Sunday, the price slid to around 68,000 before settling below 70,000. Bitcoin’s market capitalization now stands near 1.39 trillion dollars, while its dominance remains just above 57 percent.
Altcoins Mostly in the Red
Most major altcoins are under pressure. Ethereum is down about 3 percent and is hovering near 2,030 dollars, close to slipping below the 2,000 mark again. XRP has fallen by a similar amount to around 1.40 dollars, while Binance Coin has dropped to roughly 623 dollars. Solana and Dogecoin are both down around 4 percent, with other tokens posting even steeper losses.
WLFI has been a notable outlier, surging about 8 percent to nearly 0.11 dollars. SKY, LEO, and Monero are also slightly higher, while JUP, ONDO, and ARB have recorded the largest daily declines of up to 8 percent. Overall, the total crypto market capitalization has fallen by roughly 70 billion dollars over the past day to just under 2.43 trillion dollars.
