Bitcoin Drops After $75k Rejection as PEPE Faces Sharp Decline
Bitcoin loses momentum at the $75,000 level while altcoins record significant losses across the global market.
Bitcoin faced a fresh rejection at the $75,000 level and has shed more than $1,500 since its recovery attempt. The asset is now struggling to maintain support above the $73,000 mark following intense fluctuations in recent days.
Bitcoin's dominance over the rest of the crypto market rose to 60.5 percent. The total market capitalization retreated 0.5 percent to reach $2.44 trillion at the time of reporting.
Altcoins followed Bitcoin's negative trend. Ethereum and BNB recorded losses, while assets such as XRP and DOGE are also trading in the red during the current session.
The PEPE token leads the losses among major assets with a 12 percent decline. Other projects like QNT and ENA also show sharp drops in daily performance as selling pressure increases.
Instability in Bitcoin's price points to investor caution regarding recent macroeconomic data. This scenario raises the risk of volatility for digital assets and may influence capital flow toward coins with higher liquidity.
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