Bitcoin slid below $77,000 after another rejection near $82,000, extending a bruising reversal that erased the market’s latest attempt at recovery. The move pushed BTC to $76,500, its lowest level in roughly three weeks, after a weekend spent defending $78,000 finally gave way. The sequence was messy: a dip below $80,400, a quick $2,000 rebound, another run to $82,000, and then repeated failures. For traders, the rejection turned support into a moving target, with macro tension and thin confidence overwhelming last week’s bullish bursts.
Altcoins Split as Bitcoin Dominance Holds
The breakdown followed several failed pivots. Bitcoin fell below $79,000 on Wednesday, briefly reclaimed $82,000 on Thursday after the CLARITY Act passed the US Senate Banking Committee, and then lost momentum again. By Saturday it had slipped under $80,000, by Sunday it was near $78,000, and on Monday morning selling intensified after Trump’s latest threats against Iran. Even so, BTC’s market capitalization held around $1.540 trillion, while dominance over altcoins stayed above 58%. Bitcoin kept relative leadership, but leadership offered little insulation as price action weakened.
Most major altcoins followed the downside. Ethereum moved close to losing $2,100 after another 3% daily decline, while BNB fell 2% to $640. XRP traded below $1.40 after a similar drop, Dogecoin lost more than 5%, and Bitcoin Cash was hit harder, falling over 11% to roughly $365. Pi Network’s token also extended local lows after dropping below $0.15. In that environment, the selloff looked broad rather than selective, as traders reduced exposure across large and mid-cap tokens instead of rotating confidently into safer pockets.
Yet the market was not completely one-directional. HYPE climbed past $45 and ZEC held near $530, standing out as rare gainers while most of the board turned red. That divergence keeps the tape strangely uneven: risk appetite is weak, but not dead. Total crypto market capitalization shed another $50 billion to $2.630 trillion, underscoring the pressure across digital assets. For now, the next test is whether $76,500 becomes a floor, or simply the latest checkpoint in a deeper corrective move. That leaves desks watching liquidity, geopolitics and whether sidelined buyers return before sentiment deteriorates further again.
