Hold on to your hats, crypto enthusiasts! The rollercoaster ride continues as Bitcoin struggles to keep its mojo. Yesterday, it flirted with the $85,000 mark but decided to take a little detour and drop a couple of grand.
The altcoin scene isn't looking much rosier, with PI leading the pack in a not-so-glamorous price plunge. Last week was a wild one for Bitcoin, with Monday and Tuesday seeing it tumble to a four-month low below $77,000. But just when it seemed like the party was over, the bulls charged back in, lifting BTC back up to $80,000. By Wednesday, Bitcoin was dancing on $85,000 thanks to some cheerful US CPI numbers. But, alas, the momentum didn't stick, and it ended the weekend in a sideways shuffle around $84,000.
Another attempt to break the $85,000 barrier was thwarted, sending Bitcoin back to $82,000. It managed to hold on there and took another swing at $85,000, but no dice. Now, it's grappling below $83,000. Meanwhile, the CEO of CryptoQuant is hinting that the bull run might be hitting the brakes.
Bitcoin's market cap has slipped below $1.650 trillion, with its dominance over altcoins at 58.6%. Speaking of altcoins, the red tide is in full swing with PI taking the biggest hit, dropping another 16% in the last 24 hours and struggling to stay above $1.1. Solana, Cardano, Dogecoin, Ripple, Shiba Inu, and Litecoin aren't faring much better, with losses up to 4%.
But it's not all doom and gloom! OKB is strutting its stuff with a 5% gain, comfortably sitting above $50. AVAX, TRX, and TON are also basking in the green glow with impressive gains.
All in all, the total market cap of all crypto assets has taken a $20 billion hit since yesterday, now sitting at $2.8 trillion. So, keep your eyes peeled, because the crypto world never sleeps!
