Bitcoin's price has struggled to maintain above $61,000, heading towards the $60,000 support level. Over the weekend, the price stalled at just over $64,000, with little volatility due to no action on the ETF front. However, the landscape changed on Monday when the price dropped to $58,400, its lowest in almost two months. Bulls intervened, pushing Bitcoin over $60,000, but it has since retraced to below $61,000. Its market cap has dropped below $1.2 trillion, and its dominance over altcoins has decreased to 50.6%.

Altcoins are also experiencing similar trends, with DOGE, ADA, SHIB, LINK, PEPE, NEAR, and others dropping by more than 3% in the past day. Binance Coin, Ripple, Solana, Tron, and Ethereum have dropped by around 1%. The total crypto market cap has shed over $30 billion overnight, now standing at $2.365 trillion. Despite the recent dip, the market remains optimistic, with potential for recovery and growth.