Bitcoin's recent rally to a six-week high of $28,600 came to a sudden halt, with the cryptocurrency losing over $1,000 in value within half a day. Despite recovering slightly, Bitcoin is still down by approximately 3%, with a market cap of over $540 billion. The alternative coins have also suffered, with PEPE experiencing a double-digit drop.
Ethereum, Binance Coin, Ripple, Dogecoin, Tron, Toncoin, Polkadot, and Litecoin are all in the red, while SOL, ADA, and BCH have posted minor retracements. The total crypto market cap has erased most gains from yesterday, falling below $1.1 trillion once again. Despite the recent downturn, the overall market sentiment remains optimistic, as the DeFi and BRC20 sectors continue to show promise.
Ethereum, Binance Coin, Ripple, Dogecoin, Tron, Toncoin, Polkadot, and Litecoin are all in the red, while SOL, ADA, and BCH have posted minor retracements. The total crypto market cap has erased most gains from yesterday, falling below $1.1 trillion once again. Despite the recent downturn, the overall market sentiment remains optimistic, as the DeFi and BRC20 sectors continue to show promise.