Bitcoin Price Is Testing Below $90,000 Levels, Most Alternative Digital Currencies Are Falling

Bitcoin has continued to fall over the past few days, hitting its lowest level in seven months after falling below $90,000 yesterday.

Bitcoin started November close to $111,000 before quickly falling below the $100,000 mark before rebounding slightly before resuming a gradual decline until it hit a new bottom on Monday night.

Despite a relative recovery in Bitcoin price to around $91,000, Bitcoin market capitalization fell to just over $1.8 trillion, with dominance falling below 57%.

Most altcoins are under pressure; the price of Ethereum fell below $3,000, the prices of XRP, BNB, SOL, ADA, DOGE, etc. all fell in varying proportions, and ZEC fell by more than 10%.

In contrast, some currencies performed differently, with ICP rising more than 15% to around $5.6, HYPE rising above $40, and ASTER rising 7.5% to over $1.30.

Overall, the market lost approximately $150 billion in one day, bringing the total digital currency market capitalization to approximately $3.2 trillion.

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Altcoin prices fall, Bitcoin rebounds from $93,000