While most altcoins suffered heavy losses alongside Bitcoin’s latest decline, HYPE and ZEC managed to resist the broader market crash. Meanwhile, BCH and PI recorded some of the steepest drops among large and mid cap cryptocurrencies.
Bitcoin’s selloff intensified as traditional financial markets opened overnight, sending the leading cryptocurrency to a fresh multi week low below $77,000.
Bitcoin Slips Under $77K
The previous trading week initially appeared positive for Bitcoin.
The week began with volatility on Sunday as BTC briefly dipped below $80,400 before quickly rebounding by nearly $2,000 within minutes. However, the asset struggled to maintain momentum around the $82,000 level.
Bitcoin revisited $82,000 on Tuesday but faced another rejection. The following correction proved more severe, dragging the asset below $79,000 by Wednesday.
Bullish sentiment briefly returned on Thursday after the US Senate Banking Committee advanced the CLARITY Act, helping Bitcoin recover toward the $82,000 mark once again. However, the rally quickly faded as sellers regained control.
By Saturday, Bitcoin had fallen below $80,000 before sliding further to around $78,000 on Sunday. After spending nearly a full day attempting to hold that support zone, BTC finally broke lower on Monday morning following renewed threats from US President Donald Trump toward Iran.
The decline pushed Bitcoin down to approximately $76,500 for the first time in nearly three weeks. At the time of writing, BTC continues to trade below $77,000.
Bitcoin’s market capitalization has now dropped to roughly $1.54 trillion, while its dominance over the altcoin market remains above 58%.
HYPE and ZEC Defy the Downtrend
Most major altcoins mirrored Bitcoin’s weakness with notable daily losses.
Ethereum moved closer to breaking below $2,100 after another 3% decline. BNB slipped 2% to around $640, while XRP also declined and traded below $1.40.
Dogecoin recorded one of the sharper losses among top assets, plunging more than 5% over the past day. Bitcoin Cash suffered even heavier pressure, falling over 11% and struggling near the $365 level.
Despite the widespread weakness, HYPE and ZEC emerged as clear exceptions.
HYPE surged past the $45 mark, while ZEC climbed to roughly $530, outperforming the broader market during the selloff.
Meanwhile, Pi Network’s native token continued to set fresh local lows, dropping below $0.15 earlier in the day.
The overall crypto market capitalization lost another $50 billion, bringing the total market value down to approximately $2.63 trillion at press time.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
