Bitcoin came under renewed selling pressure over the past 24 hours, falling to its lowest level in roughly two months before staging a modest recovery. Despite the broader market weakness, several altcoins posted strong gains, outperforming the rest of the crypto sector.
Bitcoin Recovers After Sharp Decline
Since losing the crucial $80,000 support zone at the end of May, Bitcoin has remained trapped in a sustained downward trend. The asset initially slipped to around $76,000 before sellers intensified the pressure, pushing prices below $73,000 by month end.
A brief recovery toward $74,000 failed to gain momentum as another wave of selling emerged. The downturn accelerated at the start of June, with Bitcoin falling below the $70,000 mark and extending losses into the following session.
The selloff reached its lowest point earlier today when Bitcoin dropped to approximately $65,300, marking its weakest trading level in nearly two months.
Buyers eventually stepped in and helped stabilize the market. Bitcoin has since recovered about $2,000 from its intraday low and is currently trading near $67,000. Even so, some bearish analysts continue to warn that a break below the $50,000 support area could open the door to a much deeper correction.
Bitcoin’s market capitalization remains around $1.35 trillion, while its share of the overall cryptocurrency market continues to decline, with dominance slipping below 56%.
A Handful of Altcoins Post Strong Gains
While most major cryptocurrencies remain under pressure, a select group of altcoins has managed to deliver impressive gains despite the market downturn.
Ethereum has fallen below $1,900 after losing nearly 5% over the past day. Solana has also retreated sharply, while XRP recovered slightly after dropping to $1.20 before rebounding toward $1.24.
Several other large cap assets remain deep in negative territory, including Bitcoin Cash, Dogecoin, and HYPE, which recorded one of the steepest declines with an 11% drop.
In contrast, DEXE and ENA emerged as the strongest performers, each surging more than 20% within 24 hours. ONDO, WLD, and VVV also posted double digit gains, standing out as rare bright spots during a broadly bearish trading session.
The total cryptocurrency market capitalization briefly slipped below $2.35 trillion earlier in the day before recovering to approximately $2.4 trillion, reflecting a modest improvement in overall market sentiment.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
