The price performance of Bitcoin continues in a slow way, with the asset failing to make any significant movements in either direction.
Many altcoins fell sharply in the previous day, with SOL leading the negative charts.
BTC Boring Below $26K
September was not the most exciting month in terms of price performance for BTC, at least for now. The asset started the month with a crash to an 11-week low of $25,350, following a surge past $28,000 after Grayscale’s win.
Since then, bitcoin has only managed to recover around $500 and is still holding for a week until Thursday. At that point, the bulls took over and pushed BTC north by several hundred dollars, culminating in a weekly high of $26,400.
However, as with all recent price increases, it was short-lived and the cryptocurrency lost all momentum almost immediately. It has been stuck below $26,000 since then, and in the last 24 hours that hasn’t changed.
Its market capitalization remains inches above $500 billion, while its dominance of alts has increased slightly to 48.5%.
SOL Leads the Way in the South
Ethereum, Binance Coin, Ripple, and Tron are also slightly in the red. All of them retraced up to 1% and traded at $1,620, $212, $0.5, and below $0.08, respectively.
Dogecoin, Cardano, TONCOIN, Polkadot, Polygon, Litecoin, and Shiba Inu lost more value in one day, with drops between 2-3%. Solana has the most reduction from the larger alts. SOL decreased by 5% and fell below $20.
Further losses are seen from the likes of Pepe (-7.5%), Compound (-6%), Gala (-6%), and ApeCoin (-5%).
As a result, the cumulative market capitalization of all crypto assets saw $10 billion in one day and dropped to $1.040 trillion.
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Cryptocurrency charts by TradingView.