Bitcoin\u2019s instability continued in the past 24 hours as the asset dipped below $113,000 after getting rejected at $116,000.<\/p>\n
The altcoins are back in the red, with substantial price declines from the likes of XRP, SOL, HYPE, XLM, LTC, TON, and others.<\/p>\n
BTC\u2019s Insecurity Continues<\/h2>\n
The primary cryptocurrency\u2019s troubles began last Wednesday when the US Federal Reserve refused to lower the key interest rates for the fifth consecutive time. BTC retraced by a few grand but bounced to $119,000 on Thursday.<\/p>\n
However, macro uncertainty, such as new tariffs and nuclear submarine movements, resulted in another, more painful nosedive. In just a few days, the cryptocurrency plunged by several grand and bottomed during the weekend at $112,000.<\/p>\n
The bulls<\/a> finally stepped up at this point and started to push the asset north. The gradual ascent culminated<\/a> yesterday when BTC briefly neared $116,000 but was stopped ahead of that resistance.<\/p>\n In the following hours, bitcoin dropped<\/a> to under $113,000 once again. It has recovered some ground and now trades around $114,000, with a market cap of just under $2.270 trillion. Its dominance over the altcoins stands close to 60% on CG.<\/p>\n Ethereum was also stopped ahead of a big resistance at $3,700 and now sits closer to $3,600. BNB, TRX, and BCH are with minor losses, while XRP, SOL, DOGE<\/a>, HYPE, XLM, and TON<\/a> have dropped by more substantial percentages of up to 4%.<\/p>\n Pi Network\u2019s native token has dropped by 4% as well, and sits close to its all-time low once again, which was recorded at the end of the previous business week. BONK and PENGU have dropped the most from the largest 100 alts, losing 6-7% each.<\/p>\n Litecoin\u2019s LTC is down by 5% after yesterday\u2019s impressive surge<\/a>. MNT continues to be among the few altcoins in the green, adding another 2-3% since yesterday\u2019s pump.<\/p>\n The cumulative market cap of all cryptocurrency assets has slipped by another $30 billion and is well below $3.8 trillion on CG now.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\nAlts in Retrace Mode Again<\/h2>\n
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