Bitcoin's fight to stay above the $60,000 level has once again lost ground, as the asset fell below that level yesterday and remains at that level today.
Most altcoins have followed BTC's footsteps by recording daily declines. On the other hand, TRX has surged above the $0.16 level.
After a major correction last Thursday that saw bitcoin fall to a multi-day low of $56,200, the bitcoin cryptocurrency is regaining momentum. BTC over the weekend traded flat in a tight range around $59,000 and $60,000.
Monday's start started with another decline, as the asset slipped to $58,000. However, a quick Buy quickly intercepted the move and pushed BTC to bounce back. Within hours, it added more than three thousand in value and surged to a 6-day high above $61,400.
However, BTC failed to defend its gains and fell below $59,000. This comes amid reports that Mt Gox has started making more BTC transfers.
Despite recovering slightly from those local lows, bitcoin was still down 2% on the day and struggling below $60,000. BTC's market cap has declined to $1.175 trillion, while its dominance over altcoins has suffered a slight decline and is down to 53.5% on CG.
Most altcoins have followed BTC in this decline. Ethereum has fallen by 2.5% and is currently struggling below $2,600. SOL and XRP posted similar losses. TON, BNB, DOGE, and BCH are also in the red zone on the daily scale.
Interestingly, the landscape around native Tron tokens is quite different. TRX has risen by 12% in the last 24 hours and is currently above $0.16. AVAX, ADA, and MATIC also posted impressive gains.
However, the total crypto market has lost about $40 billion overnight and is down to $2.2 trillion.