Bitcoin's recent surge towards $27,000 was short-lived as the cryptocurrency returned to its familiar $26,000 range. Most altcoins, including SOL, XRP, SHIB, and MATIC, also experienced declines following brief price pumps. Despite this, Bitcoin's market cap remains under $510 billion, with its dominance over altcoins at 48.3% on CoinMarketCap.

The altcoin market is also experiencing retracements, with Ethereum down by around 1% at just over $1,650. Binance Coin, Cardano, Dogecoin, Tron, Polkadot, MATIC, and Litecoin are all down by about 2%. Solana, Ripple, and Shiba Inu have slumped by 3-5%. The total crypto market cap has declined by over $10 billion, now standing at $1.050 trillion on CoinMarketCap.