The crypto market has entered another turbulent phase, with Bitcoin dropping to a four week low while smaller tokens like SIREN post massive gains. Meanwhile, AAVE and HASH have recorded the steepest daily losses.
Bitcoin Slides to New Local Low
Earlier in the week, Bitcoin attempted to push higher but faced strong resistance around 72,000 dollars. The rejection led to a sharp decline, with the price falling to about 65,500 dollars on some exchanges, its lowest level since the beginning of the month.
This followed a volatile stretch. After failing to hold 76,000 dollars the previous week, Bitcoin moved sideways near 70,000 dollars before dropping to 67,500 dollars on Monday as traditional markets reopened. It later surged close to 72,000 dollars after Donald Trump suggested that the United States and Iran were making progress toward easing tensions.
The rally quickly reversed when Iran dismissed those claims, sending Bitcoin back to around 69,000 dollars. It climbed once more to 72,000 dollars by midweek, marking a local peak, but selling pressure soon returned. By Friday, the price had slipped to 69,000 dollars before falling further to 65,500 dollars, marking a drop of more than 6,000 dollars within two days.
Although Bitcoin has since recovered slightly above 66,000 dollars, it remains down about 6 percent over the past week. Its market capitalization has declined to roughly 1.325 trillion dollars, while its dominance over alternative cryptocurrencies has fallen below 56 percent.
SIREN Leads Gains While Major Altcoins Struggle
Despite ongoing skepticism from the community, SIREN has surged by more than 100 percent in the past 24 hours, climbing above 1.60 dollars. However, it still trades over 50 percent below its recent all time high of 3.60 dollars reached earlier in the week.
In contrast, AAVE and HASH have dropped by around 5 percent and 9 percent respectively. Larger cryptocurrencies have shown limited movement, with Ethereum staying below 2,000 dollars, BNB hovering slightly above 610 dollars, and XRP remaining under 1.35 dollars.
A few assets such as Bitcoin Cash and CC have managed modest gains of over 3 percent.
Overall, the total cryptocurrency market has lost about 60 billion dollars in value since Friday’s peak, bringing the total market capitalization down to approximately 2.37 trillion dollars.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
