Bitcoin’s recent rally lost momentum after reaching a one month high of $67,000, with sellers pushing the asset back toward the $66,000 level. Most major altcoins have also given up part of yesterday’s gains, although RAIN continued to outperform with a rise of more than 6% to nearly $0.015.
Bitcoin Retreats After Monthly High
Bitcoin began its latest rally last week following softer than expected US inflation data for June. The leading cryptocurrency climbed from below $62,000 to around $65,600 before facing selling pressure that dragged it back to $62,500 by Friday.
Buyers quickly regained control, preventing a deeper decline. Bitcoin recovered to around $64,000 on Saturday, edged above $65,000 on Sunday, briefly dipped to $63,750 on Monday, and then rebounded to $65,600 later that day.
The bullish momentum continued over the next several hours, lifting BTC to $67,000 on Binance for the first time in more than a month. From its July 1 multi year low, the asset had gained over $9,000.
However, the rally stalled at that level. Bitcoin has since eased to just below $66,000, with its market capitalization holding at approximately $1.32 trillion. Its dominance over the altcoin market remains above 57%.
DeXe Suffers Massive Collapse
DEXE recorded the steepest loss across the crypto market over the past 24 hours, plunging nearly 90% to around $4.50. The sharp decline has slashed its market capitalization to roughly $432 million, leaving it on the verge of dropping out of the top 100 cryptocurrencies by market value.
Among the larger altcoins, HYPE, NEAR, and ZEC posted the biggest losses, each falling by as much as 7%. Ethereum, Solana, BNB, Dogecoin, and Stellar also traded lower, although their declines were more moderate.
On the positive side, RAIN climbed more than 6% to nearly $0.015, while ONDO recovered the $0.40 mark.
The total cryptocurrency market capitalization has fallen by roughly $40 billion from yesterday’s local high and now stands at around $2.3 trillion.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
