Bitcoin briefly dropped to $73,000 on Tuesday, marking its lowest level since November 2024, before rebounding to just over $76,000. The asset has lost 14 percent in the past week and 18 percent over the past month, with its market capitalization falling to $1.525 trillion and dominance over altcoins declining to 57.3 percent.
The cryptocurrency experienced a rollercoaster week, moving from a challenge of the $90,000 resistance ahead of the FOMC meeting to sharp declines after the Fed announced no rate cuts. Escalating tensions in the Middle East contributed to further drops, including dips to $81,000 on Thursday and under $75,000 on Saturday. Recovery attempts to $79,000 on Monday were rejected, leading to the latest 15-month low.
Altcoins have followed Bitcoin’s volatility, but some have been hit harder. Solana fell below $100 after a 7 percent daily drop, while Ethereum declined from over $3,000 to $2,100 before bouncing to $2,280. BNB dropped to $760, and high-flyer HYPE retraced 11 percent to $33. CC and ZEC are also deep in the red, though XMR has gained among the larger caps.
The total crypto market capitalization fell by more than $70 billion in a single day, reaching $2.65 trillion, reflecting the heightened volatility and broad market weakness.
