Bitcoin fell this week after failing again to break above $72,000. This drop also pulled down most of the crypto market, although a few smaller coins moved in the opposite direction.
Bitcoin price movement
Bitcoin started the week under pressure after it could not pass its resistance level near $76,000 the previous week. It then traded around $70,000 over the weekend before dropping to about $67,500 on Monday when traditional markets reopened.
Later that day, Bitcoin briefly rose close to $72,000 after news that the US and Iran had agreed to reduce tensions. However, the statement was denied by Iran, and Bitcoin quickly fell again to around $69,000.
More volatility during the week
On Wednesday, Bitcoin again reached near $72,000, which became its highest point of the week. But sellers took control afterward, pushing the price back down to $69,000 by Friday.
The decline continued over the weekend, and Bitcoin briefly dropped to $65,500 on some exchanges—its lowest level since early March. Overall, Bitcoin lost more than $6,000 within two days.
At the time of reporting, Bitcoin had recovered slightly to above $66,000, but still recorded a weekly loss of around 6%. Its total market value fell to about $1.325 trillion, and its market dominance dropped below 56%.
Altcoins also fall
Most major cryptocurrencies also declined. Ethereum fell below $2,000, Binance Coin stayed just above $610, and XRP remained under $1.35.
The overall crypto market lost around $60 billion in value, falling to about $2.37 trillion. This shows that investors were still cautious.
Some coins moved against the trend
A few tokens moved differently from the market. SIREN rose more than 100% in one day, although it is still far below its recent high of $3.60.
Other coins were mixed. AAVE dropped 5%, HASH fell 9%, while Bitcoin Cash and CC gained more than 3%.
