PEPE had been doing well until today, but has now slipped by double digits.

Earlier this week, Bitcoin price briefly dropped above $70,000 and has since failed to regain bullish momentum, even falling to $67,000 yesterday.

Alternative currencies are also retreating, with SHIB, DOT, DOGE, PEPE, and WIF losing a significant percentage of their USD value overnight.

Last week’s Ethereum ETF spot news sent the primary cryptocurrency through a wild ride, with a massive surge to nearly $72,000, only to suffer a setback and plummet to $66,400 a few days later.

However, once these financial products were approved on Thursday, BTC began to recover some of its lost ground and hovered around $69,000 over the weekend.

Monday was a more bullish day, with bulls initiating a wave of gains that sent Bitcoin price soaring to multi-day highs just above $70,500. However, that’s where the trend began to change, with the cryptocurrency beginning to rapidly lose value. Just a few hours later, it dropped below $67,500.

Another rally ensued, but the situation re-emerged, with BTC falling to a multi-day low of $67,200 late last night. It was unable to recoup most of its losses and is now trading below $68,000 again.

Bitcoin’s market cap has fallen to $1.330 trillion, but its dominance over altcoins has risen by 0.5% in a day to 50.2%.

As reported a few days ago, the two best performing assets are from the meme coin space – PEPE and WIF. The former has continued to rise and hit new all-time highs, while the latter is gaining momentum with double-digit gains.

The situation is completely different now, as PEPE has fallen by 14% in a day, while WIF has fallen by more than 11%. Other large-cap alternative investment stocks have also fallen sharply, including SHIB (-7%), DOT (-5%), DOGE (-4.5%), SOL (-3%), NEAR (-4.5%), and others.

BNB fell 1% daily to $600, while ETH fell 2% to $3,750.

The total market value of cryptocurrencies evaporated more than $60 billion overnight, and CG data showed that it had fallen to $2.650 trillion.

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