Bitcoin attempted to recover after yesterday’s decline but failed to sustain momentum, with sellers once again pushing back near the $63,000 level. Meanwhile, the broader crypto market remains mixed, with most altcoins still under pressure. One exception is Audiera, which has emerged as the standout performer with a massive 40 percent daily gain.
Bitcoin Struggles to Regain Momentum
Bitcoin started the week on a positive note, climbing close to $66,000. However, the rally was short lived as bearish pressure quickly returned, dragging the asset down to around $61,900.
Over the past 24 hours, bulls attempted to regain control and pushed BTC close to $63,000. The recovery lacked strength, however, as sellers stepped in to cap further gains.
At the time of writing, Bitcoin is trading near $62,600, posting a modest 0.5 percent daily gain but still showing a 4.5 percent decline over the past week.
Bitcoin’s weak performance comes amid broader turbulence in traditional financial markets. Major indices, including the Nasdaq and S&P 500, along with South Korean technology stocks, moved lower following a global selloff in artificial intelligence related stocks.
At the same time, continued outflows from spot Bitcoin exchange traded funds suggest weakening institutional demand, adding further pressure to BTC’s short term outlook.
Bitcoin’s market capitalization currently stands at approximately $1.25 trillion, while its dominance in the crypto market remains steady at 56.3 percent.
Altcoins Show Mixed Performance
The altcoin market looks more stable compared to the heavy losses seen over the previous day, but several major assets remain under pressure.
Worldcoin has declined by 7 percent, Kaspa is down 5 percent, and Litecoin has fallen 3 percent.
On the upside, Audiera has emerged as the top performer among the leading cryptocurrencies, surging 40 percent to trade around $2.40.
Other notable gainers include Jupiter with a 6 percent increase, Avalanche up 5 percent, Monero gaining 4 percent, and Sui rising 3 percent.
Overall, the total cryptocurrency market capitalization has increased slightly by 0.5 percent over the past 24 hours and now stands at roughly $2.34 trillion.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
