Bitcoin’s decline persists, with its price dropping to nearly $27,000 on the third consecutive day. Other altcoins such as MATIC, SOL, DOGE, and LTC are also experiencing significant drops, while LDO and BCH are seeing an increase.
BTC’s Local Low
A few days ago, the leading cryptocurrency made an impressive surge to almost $30,000, but it failed to surpass that level, signaling imminent trouble. The bears took over the market, causing BTC to fall below $29,000, and its decline worsened on Monday, with the asset taking another massive plunge.
In the past 24 hours, Bitcoin’s downward trend continued, with its price dropping from $28,000 to slightly above $27,200. Although it has recovered some ground, it remains more than 1% lower for the day. Its market capitalization also slid to $535 billion from $560 billion on Friday.
Despite the market downturn, BCH and LDO managed to defy the sentiment, each experiencing a 7% increase, with BCH trading at $120 and LDO above $1.8.
BCH, LDO Defy Market Sentiment
Other altcoins like Ethereum and Binance Coin are also experiencing losses, with the total crypto market cap down from over $1.2 trillion days ago to $1.140 trillion on CMC.
