Bitcoin’s price pump toward $27,000 came to a quick halt as the asset has returned to its familiar ground of around $26,000.
Most altcoins are also in the red today following yesterday’s brief price pumps, with SOL, XRP, SHIB, and MATIC dropping the most from the larger caps.Bitcoin went through extreme volatility last Thursday when it plummeted by over three grand in a day to a two-month low of $25,300. However, it managed to bounce off to $26,000 and remained there for several uneventful days.
Solana, Ripple, and Shiba Inu have slumped by 3-5%. SOL is close to breaking below $20 after a 4.5% daily drop. The situation with the lower- and mid-cap alts is similar, with LDO, APT, and MKR dropping by over 5%. Nevertheless, PEPE is the poorest performer on a daily scale, having lost over 20% of its value amid unfavorable speculations.
The total crypto market cap has declined by over $10 billion and is back down to $1.050 trillion on CMC.