Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
On Sunday, Bitcoin attempted to complete its rise to $72,000 levels but failed to break above the level for the second time before falling by more than $2,000 to return below $70,000.
On the other hand, in addition to the performance of digital currencies WLFI and XMR, most major digital currencies also experienced a correction on Monday after rising over the weekend.
Bitcoin prices have been volatile over the past few weeks.
On January 31, the digital currency Bitcoin fell from $84,000 to less than $76,000.
Buyers tried to stem the bleeding and raised the price to $79,000 a few days later, but selling pressure remained contained until a strong decline on Thursday and Friday morning peaked, pushing the price to $60,000, its lowest level since before the November 2024 U.S. election.
After losing nearly $30,000 in a week, Bitcoin price rallied strongly to $72,000 on Friday and Saturday morning before falling to $68,000 before another attempt on Sunday was ultimately rejected again at the 72,000 resistance.
The price has since fallen by around $2,500, falling below $70,000.
According to data from CoinGecko, the market capitalization dropped to approximately $1.39 trillion, while Bitcoin’s market dominance remains just over 57%.
As for alternative currencies, they are back in the red zone:
Ethereum price fell about 3% to $2,030, XRP fell to $1.40, and BNB fell to $623.
Solana and Dogecoin are also down about 4%, and CC is down about 5%.
The most notable exception is the WLFI cryptocurrency, which is up about 8%, approaching $0.11, with SKY, LEO, and XMR also making modest gains.
On the other hand, JUP, ONDO, and ARB were the digital currencies with the largest daily declines, falling by 8%.
Overall, the total cryptocurrency market value fell by approximately $70 billion in one day, falling below $2.43 trillion.
Also read:
Bitcoin price retests $70,000 level, BNB surpasses XRP over the weekend
