๐ฃ Hey BTC enthusiasts! ๐ Bitcoin's been on a bit of a rollercoaster ride recently, with prices dipping to a 5-week low, falling below the $64,000 mark. ๐ข๐ฎ
Last week, Bitcoin tried (and failed) to overcome the $70,000 threshold, and instead took a nosedive to $64,000 on Friday - a monthly low. ๐ The weekend saw less volatility, with the cryptocurrency hovering just above $65,000. ๐
Monday started with a promising price increase to just over $66,500, but the bears weren't having it and initiated another downward spiral. ๐ป This led to a few days of consecutive drops, bottoming out at $63,400 - the lowest since May 15. ๐ฑ But don't fret, Bitcoin has since bounced back a bit and is now sitting above $64,000. ๐ช
Meanwhile, Bitcoin's market cap has taken a hit, dropping to under $1.270 trillion, but its dominance over the altcoins remains steady at 51.5% on CoinGecko. ๐
In other news, altcoins are having a tough time too. Most larger-cap alts like DOGE, TON, XRP, and DOT are slightly in the red, while ETH, BNB, SOL, SHIB, and TRX have seen minimal gains. ๐๐
The biggest loser of the day is AVAX, with a substantial drop of more than 9%. The asset is now struggling to stay above $25. ๐ฌ
The total crypto market cap has also shrunk by around $20 billion overnight and is now at $2.460 trillion on CG. ๐๐ฐ
Stay tuned for more updates and keep HODLing, folks! ๐๐