Although it has stopped its freefall, bitcoin’s price continues to struggle and is inches below $27,000.
The altcoins are also quite calm on a daily scale, but the overall price declines of late have harmed some of them quite a lot.
BTC Beneath $27K Again
Bitcoin was trading high up until several days ago, but its inability to overcome the $28,000 level became a negative catalyst for upcoming price movements. The business week started with minor price drops that ultimately resulted in BTC slumping below $27,000 for the first time in October.
The past 24 hours were not all that different, with the asset remaining relatively still but nevertheless beneath $27,000.
This has harmed the market cap a bit more. The metric has declined by a few billion and is just inches above $520 billion now. Its market dominance, though, has jumped slightly and is at 50% as of now.
ETH Sees 7-Month Low
The second-largest cryptocurrency has also not enjoyed the past several days. ETH was trading close to $1,800 earlier this month but started losing value, perhaps at the time when the Israel-Hamas conflict broke out.
The cryptocurrency dropped by more than $200 in days. As a result, ETH slipped to under $1,550 earlier today, which became its lowest price point since March this year.
Solana and Dogecoin are also slightly in the red on a daily scale. Toncoin has dropped the most from the larger-cap alts, having lost just over 2% daily.
In contrast, Binance Coin, Ripple, and Cardano sit with minor gains. Nevertheless, the total crypto market cap has remained relatively still at just over $1.050 trillion on CMC.
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