BTC’s latest attempt to reclaim higher ground stalled once again, setting the tone for a broadly negative Monday across the crypto market. After failing to hold its weekend rebound, BTC slipped below $70,000, dragging most major altcoins into the red while only a handful of smaller assets managed to buck the trend.
Bitcoin’s price action remains defined by sharp swings that have repeatedly erased bullish momentum. The asset’s surge toward $72,000 on Sunday mirrored its rebound from last week’s dramatic plunge to $60,000, its lowest level since before the US presidential elections. Yet each push toward the $72,000 zone has been met with firm resistance. BTC has now fallen by roughly $2,500 from Sunday’s peak and trades around $68,800 after a fresh 3% daily decline. Its market capitalization has slipped to $1.390 trillion, while dominance sits just above 57%.
The broader downtrend began in late January when BTC tumbled from $84,000 to under $76,000, extending a correction from a local high of $90,000. Bulls briefly lifted the price to $79,000, but sellers quickly regained control, accelerating losses through Thursday and Friday. The resulting drop to $60,000 marked a $30,000 decline in just over a week. Although the weekend recovery was strong, the inability to break past $72,000 has kept sentiment cautious.
