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Cryptocurrency prices fell after strong gains, with Bitcoin failing to break above the $73,000 level and facing selling pressure, causing it to drop by more than $2,000.
Bitcoin prices rose significantly on news of a truce between the United States and Iran, reaching around $72,800, before quickly losing momentum and falling to around $71,000.
Despite this decline, Bitcoin’s market dominance remains high at around 57%, with a market capitalization of approximately $1.42 trillion.
On the other hand, alternative digital currencies saw a broader decline following yesterday’s gains, with Ethereum price falling below the $2,200 level again, while currencies such as LINK and XLM fell around 5%.
Several major currencies also recorded additional losses, reflecting weaker overall momentum.
The race for the fourth spot by market cap continues between XRP and BNB, as BNB was able to temporarily rise after XRP fell.
Despite the overall poor performance, there were some exceptions, such as RAIN, which achieved around 5% growth.
Overall, the market has lost about $50 billion in value since yesterday’s peak, eventually settling at about $2.5 trillion.
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