Bitcoin’s sluggish price performance continued in the past 24 hours, with the asset losing some ground and sitting below $26,000.
Most altcoins are also slightly in the red today. SOL, LTC, SHIB, and TON have dropped the most, with losses of up to 5%.It was precisely a week ago when the primary cryptocurrency experienced its most notable daily price surge in a while. The asset had traded sideways for weeks before the Grayscale win over the SEC in a US court propelled a massive increase that pushed BTC from $26,000 to a 15-day peak at over $28,000.
However, the hype quickly evaporated, especially after the SEC’s decision to delay making a decision on all current spot Bitcoin ETF applications. The cryptocurrency retraced by a grand on the following day before it slumped by another $1,500 24 hours later.at $25,350 on many exchanges. BTC managed to recover some ground by the time the weekend had arrived and stood at approximately $26,000. Not a lot has happened since then, as the asset trades inches below that level now as well.
Solana, Litecoin, and Shiba Inu, on the other hand, have declined by about 2.5-3% in a day. TONCOIN, the recent high flyer, has plummeted by 5.5% in the past 24 hours and trades below $1.8.Gala Games’ native token is down by 5% in a day and 17% in a week amid the ongoingbetween the project’s co-founders. GMX, ASTR, and HBAR followed suit in terms of weekly losses of up to 13%.Cryptocurrency Market Overview.
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