Bitcoin price falls slightly to $64,000, altcoins follow suit!
Bitcoin (BTC) seems to be slowing down after a few days of strong performance. Yesterday, it broke through the $66,000 mark for the first time in a month, but the good times did not last long, and the price soon became difficult to maintain at this high level. Now, Bitcoin has fallen back to around $64,000, dragging other cryptocurrencies down with it.
Specifically, the price of Bitcoin was still firmly at $66,000 in the early hours of yesterday morning, but at around 8 am, the short-selling force began to gradually increase, and the price slowly fell, first falling below $65,000, and although it briefly rebounded to around $65,400 in the afternoon, it ultimately failed to hold on and fell to a low of $64,000 in the evening.
According to CoinMarketCap data, the price of Bitcoin has fluctuated greatly in the past 24 hours, and it is still some distance away from $65,000. As we all know, $66,000 to $67,000 is an important resistance zone for Bitcoin. If it can break through here, it will be possible to rise to $70,000. But now it seems that Bitcoin seems to be taking a temporary breather at $65,000.
Let's talk about other cryptocurrencies. The top ten mainstream currencies are also falling, but the decline is not too exaggerated. The total decline of the top 100 cryptocurrencies has not exceeded 10%. Dogecoin (DOGE) fell the most, with 3.10%, Ethereum (ETH) also fell 2.55%, and even Ripple (XRP), which had risen 40% before, also pulled back 1.93%. Solana (SOL) and Cardano (ADA) fell about the same as XRP.
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