Bitcoin price surged to a weekly high of $107,000 on reports that the US government shutdown could end this week, but momentum quickly fizzled out after price rejection.
Despite recovering from a low of $100,000 last week, BTC is now back down around $104,000 with a market cap below $2.1 trillion. Market dominance has also dropped below 58%.
Major altcoins have also lost traction, with Ethereum down to $3,550 and XRP down to $2.45. ZEC plunged 25%, followed by ICP (-12.5%) and XMR (-10%). The opposite was true for Uniswap token (UNI) which jumped 20% to above $8, making it one of the few crypto assets to post daily gains.
The global crypto market cap fell by more than $50 billion to $3.63 trillion, reflecting continued selling pressure ahead of key monetary policy decisions this week. Markets are now eagerly awaiting the latest developments on the U.S. government shutdown report.
