Bitcoin attempted to continue its rise to the level of $72,000 on Sunday, but it failed for the second time at this level and then dropped by more than $2,000, currently trading below $70,000.
In contrast, most major cryptocurrencies also saw a correction on Monday after weekend gains, with limited exceptions represented by the performance of the digital currency WLFI and XMR.
In recent weeks, the price of Bitcoin has faced repeated shocks.
On January 31, the cryptocurrency Bitcoin dropped from 84,000 to less than 76,000 dollars.
Buyers tried to stop the bleeding and raise the price to 79,000 after days, but selling pressure remained dominant until the movement peaked with a strong decline on Thursday and Friday morning, pushing the price down to 60,000 dollars, the lowest level since before the U.S. elections in November 2024.
After a loss of nearly 30,000 dollars over one week, the price of Bitcoin rebounded strongly to 72,000 on Friday and Saturday morning, then fell to 68,000, before another attempt on Sunday ended in a new rejection at the resistance of 72,000.
Since then, the price has decreased by about 2500 dollars to settle below 70,000.
According to 'CoinGecko', the market capitalization dropped to nearly 1.39 trillion dollars, while Bitcoin's dominance in the market remained just above 57%.
As for altcoins, they returned to the red zone:
The price of Ethereum declined by about 3% to 2030 dollars, XRP fell to 1.40 dollars, and BNB decreased to 623 dollars.
Solana and Dogecoin also declined by about 4%, while CC dropped by about 5%.
The most notable exception was the cryptocurrency WLFI, which rose about 8% to approach 0.11 dollars, along with minor gains in SKY, LEO, and XMR.
In contrast, JUP, ONDO, and ARB were among the cryptocurrencies that experienced the largest daily declines, with losses reaching 8%.
Overall, the total market capitalization of the crypto market decreased by about 70 billion dollars in one day, dropping below 2.43 trillion dollars.
