Bitcoin (BTC) moved lower this week after another failed attempt to break above $72,000. The decline pulled the wider crypto market down, while a few smaller tokens moved against the broader trend.
Summary
- Bitcoin fell from $72,000 to $65,500 in 48 hours as sellers regained control across exchanges.
- Ethereum slipped below $2,000, BNB held near $610, and XRP stayed below $1.35 amid weakness.
- SIREN jumped over 100% in one day, even as the crypto market lost $60 billion.
Bitcoin started the week under pressure after it failed to clear higher resistance levels. The asset had already lost momentum near $76,000 in the previous week and then traded around $70,000 over the weekend before falling to $67,500 on Monday as traditional markets reopened.
Later that day, Bitcoin rose close to $72,000 after US President Donald Trump said the United States and Iran had reached a de-escalation deal. That move did not last. Iran rejected the statement, and Bitcoin quickly fell back toward $69,000.
Bitcoin returned to the $72,000 area on Wednesday, which marked its weekly high. Sellers then regained control and pushed the asset back to $69,000 by Friday. The decline continued into the weekend, sending Bitcoin to $65,500 on some exchanges, its lowest level since early March.
The move left Bitcoin down by more than $6,000 in 48 hours. At the time of reporting, the asset had recovered slightly and traded above $66,000, but it still showed a weekly loss of around 6%. Its market capitalization dropped to about $1.325 trillion, while its market share slipped below 56%.
Large-cap altcoins track Bitcoin lower
Most large-cap altcoins also moved down during the same period. Ethereum fell below the $2,000 mark, Binance Coin traded just above $610, and XRP remained below $1.35 after testing resistance near $1.30 earlier in the week.
The weakness in major tokens added pressure to the overall market. Total crypto market value fell by about $60 billion from Friday’s peak and stood near $2.37 trillion, showing that risk appetite remained weak across the sector.
However, SIREN was one of the few tokens to post a sharp gain during the latest market drop. The AI-linked token rose more than 100% in 24 hours and traded above $1.60 at press time. Even so, it remained over 50% below its recent all-time high of $3.60 reached earlier this week.
Other altcoins showed a mixed picture. AAVE fell by 5%, while HASH lost 9% on the day. Bitcoin Cash and CC posted gains of more than 3%, making them rare movers higher as most of the market stayed under pressure.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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