According to CryptoPotato, Bitcoin's price experienced a slump, falling below $66,000 several times yesterday. However, it managed to recover and is currently hovering just above this level. Most altcoins, including SOL, DOGE, and DOT, have seen a decrease in value.
Bitcoin's price has been unstable since the weekend when it failed to surpass the $72,000 mark. The cryptocurrency began the week with a significant price drop, falling from $70,000 to under $66,500. The situation worsened the following day when Bitcoin's value further decreased to a 10-day low of $64,400. However, the bulls intercepted the move and pushed Bitcoin's price up, resulting in a surge to $67,000. Despite another $1,000 rejection, Bitcoin is now trading just over $66,000, keeping its market capitalization just above $1.3 trillion and its dominance at 49.6% on CoinGecko.
In other cryptocurrency news, Bitcoin Cash has been making headlines due to its highly anticipated halving, which was scheduled to occur in early April. After several delays, the event, which is the second of its kind in Bitcoin Cash's history, finally took place, reducing the rewards to 6.25 BCH per block. This event led to a surge in Bitcoin Cash's price over the past week. Despite a significant retracement yesterday, Bitcoin Cash is currently the top performer, with a 10% increase pushing its value to over $670.
On the other hand, most of the top 15 cryptocurrencies are in the red, with SOL, DOGE, DOT, and ICP leading the losses. The total crypto market cap remains almost the same as yesterday, just over $2.6 trillion on CoinGecko.