Bitcoin slid back under $64,000 after twice failing to clear resistance at $65,400, dragging XRP to a 21-month low just above $1.00. Ethereum and Cardano also fell as the broader crypto market shed roughly $40 billion in value.
Bitcoin's push above $65,000 stalled yesterday evening, when the asset was rejected and driven roughly $1,500 lower to under $64,000. Several large-cap altcoins followed. Ethereum slipped below $1,900, and XRP came within inches of dropping below $1.00 for the first time since November 2024.
Bitcoin retreats after failed breakout at $65,400
The asset slumped at the start of last week too, falling from $63,800 to a monthly low of $62,200 before finding support and erasing the losses within a day. It then climbed toward $65,000, but the CLARITY Act's latest setback in the US Senate pushed it back toward $64,000.
Weaker US jobs data on Friday then helped Bitcoin reclaim $65,400, yet it failed to clear that level and calmed near $65,000 over the weekend. A breakout attempt on Monday was stopped at $65,400 again, and bears then drove Bitcoin down to $63,800 as Peter Schiff urged investors to sell. Bitcoin now trades around $64,000.
Bitcoin's market cap has slipped under $1.29 trillion. Its dominance over the rest of the market has climbed above 57%.
XRP nears $1 as altcoins slide
Ethereum is down 2.5% over the past day and remains stuck below $1,900. XRP, meanwhile, has slipped to a 21-month low, trading just above $1.00 for the first time since November 2024. Cardano has dropped 4% to under $0.19.
Not every token fell, though: BNB, Dogecoin, and Chainlink advanced over the same period. The total crypto market cap has still erased about $40 billion since yesterday. It has fallen to $2.25 trillion.
Source: CryptoPotato
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