\n\t\t\t\t\t\t\t\t\tHASH and AAVE have declined the most over the past day. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Bitcoin tried to break out earlier this week but was halted at $72,000 and pushed south to a new local low of $65,500 on some exchanges for the first time since the start of the month.<\/p>\n
Most larger-cap alts followed on the way south, with ETH dipping beneath $2,000, XRP testing the $1.30 resistance, and BNB going down to $610.<\/p>\n
BTC\u2019s New Local Low<\/h2>\n
After it was stopped at $76,000 in the previous week, bitcoin managed to remain sideways around $70,000 during that weekend before it dropped to $67,500 on Monday morning when most legacy financial spot and futures markets opened. However, it skyrocketed<\/a> to nearly $72,000 later that day when Trump claimed the US and Iran had reached some sort of de-escalation deal.<\/p>\n Once Iran denied the statement, BTC quickly returned to $69,000, but shot up once again to $72,000 on Wednesday, which became a weekly high. The bears stepped up at this point and drove it south<\/a> to $69,000 on Friday. They picked up the pace once again at this point and pushed<\/a> it further down to a four-week low of $65,500 yesterday.<\/p>\n This meant that bitcoin had dropped by well over $6,000 in just 48 hours. Although it has rebounded to over $66,000 now, it\u2019s still 6% down weekly. Its market cap is down to $1.325 trillion, while its dominance over the alts has slipped below 56% on CG.<\/p>\n Despite the community scrutiny and warnings<\/a>, the AI-linked altcoin SIREN continues to post enhanced volatility, and the past 24 hours were in the right direction. The token is up by over 100% and sits above $1.60 as of press time. Still, it\u2019s more than 50% down from its $3.60 ATH marked earlier this week.<\/p>\n In contrast, AAVE and HASH have dropped by 5% and 9%, respectively, while most larger-cap alts have remained sluggish on a daily scale. After yesterday\u2019s declines, ETH remains under $2,000, BNB is just north of $610, and XRP is well beneath $1.35. BCH and CC are among the few alts with gains of over 3%.<\/p>\n The total crypto market cap has shed around $60 billion since the Friday peak and is down to $2.370 trillion on CG.<\/p>\n \u00a0<\/p>\nSIREN on the Run Again<\/h2>\n
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