Bitcoin price action has remained disappointing over the past 24 hours as its value has fallen again and is now trading below $105,000. Altcoins have seen bigger losses, with AVAX, UNI, HYPE, XMR and ENA among the worst hit.
Just two weeks ago, on the eve of , the major cryptocurrency surged to an all-time high of nearly $112,000. However, that surge failed to sustain as BTC began to decline shortly after.
It tried to hold on around $110,000, but was pushed lower over the weekend. The most significant rejection came on Saturday when BTC plunged to a 12-day low of $103,100.
At that point, market support began to emerge and prevented a drop below the five-figure mark. BTC tried to recover several times and almost reached $106,000, but all attempts failed. Now, it is trading below $105,000 after another rejection.
Bitcoin’s market cap has now fallen to $2.080 trillion according to CG, while its dominance over altcoins has increased back to 61%.
Most altcoins are underperforming Bitcoin, as seen by their market share declines. Avalanche (AVAX) is among the worst performers, down over 5% and is now just above $20. UNI has also fallen by a similar amount, while XMR has fallen over 8%.
Other tokens such as HYPE, DOGE and LINK are also in the red, while ADA, SUI and XRP have recorded losses of up to 2%.
The total crypto market cap has now lost over $30 billion since yesterday and has fallen below $3.410 trillion, according to CG.
