Bitcoin struggled at the weekend, slipping to its lowest in more than five weeks, well below $64,000. Altcoins also felt sluggish, led by Avalanche's drastic price drop. 😅
After failing to break $70,000 last week, Bitcoin plunged straight to $64,000 on Friday, hitting a monthly low. However, Bitcoin has recovered slightly and is now above $64,000.
However, Bitcoin's market cap has dipped below $1.270 trillion, while its dominance over altcoins remains at 51.5% on CoinGecko.
Large-cap altcoins have also been less than satisfactory in their daily price performance. DOGE, TON,
However, the most significant decline came from AVAX, which has shed more than 9%. As a result, the asset is now struggling to stay above $25.
The total crypto market cap has fallen by around $20 billion overnight and now stands at $2.460 trillion in CG.
What do you think about this decline? Come on, discuss it in the comments column!#cryptonews#bitcoin #avalanche