Bitcoin continued its disappointing movements, settling at $85,000 yesterday before falling by nearly $3,000.
The major cryptocurrency experienced sharp volatility at the beginning of last week, falling below $77,000, its lowest level in four months, before recovering some of its gains and touching $85,000 following positive US CPI data.
However, it failed to maintain momentum and fell back below $83,000, amid warnings that the bull run may be over.
Amid all this, Bitcoin's market capitalization has shrunk to less than $1.65 trillion, with a 58.6% dominance of the altcoin market.
Reviewing the altcoin market:
Most altcoins suffered daily losses, with Bitcoin leading the way with a 16% drop in 24 hours, stumbling to $1.1.
Solana, Cardano, Dogecoin, Ripple, Shiba Inu, and Litecoin also recorded declines, with SHIB and LTC falling by 4%.
In contrast, OKB rose by more than 5%, surpassing $50, while AVAX, TRX, and TON posted significant gains.
The total cryptocurrency market capitalization has fallen by approximately $20 billion since yesterday, reaching $2.8 trillion, reflecting continued negative market pressure.
