CC is also deeply in the red today.
Most alternative coins also suffered, with ETH falling to $2,800 and XRP testing the crucial $2.00 support. XMR, ZEC and CC have fallen sharply in the past 24 hours.
BTC recovers
The primary cryptocurrency hit a low of less than $81,000 on November 21, after losing more than $25,000 in the previous 10 days. The gradual recovery began that weekend with a rise to $84,000. The business week was more successful as the asset rose to $88,000 on Wednesday and managed to break that level in the evening.
The bulls took the price to a weekly high of over $91,000 on Tuesday and another local top of over $93,000 on Friday. After regaining nearly $13,000 in less than a week, the cryptocurrency faced some pressure and was pushed south. Over the next 48 hours, it traded sideways within a narrow range between $91,000 and $93,000.
However, another leg down took place on Monday morning. In just a few hours, Bitcoin fell from $91,000 to less than $86,000, losing five thousand dollars in the process. It initially recovered, but then fell again, this time to a new 10-day low of $83,800 (on most exchanges).
It responded well to the last drop and is up about $3,000 since then, while trading near $87,000 at the time of writing. The market cap on CG has stalled at $1.730 trillion, while dominance on alts has reached 57.3%.
ZEC, XMR, CC down
Ethereum followed BTC on its way south yesterday and has failed to stage a meaningful recovery since the weekly lows. It is now struggling at $2,800, after another daily decline of 1.3%. The $2.00 support was held for XRP, but the asset is now testing it again. DOGE, SOL, LINK, XLM and HBAR are also in the red on a daily basis.
The biggest price losses come from ZEC, which is down another 11% daily, CC (down more than 11%) and XMR (down 6.6% to $390). In contrast, PUMP and SKY are up more than 6%, while HASH is up 14% to $0.023.
The total cryptocurrency market cap has remained above $3 trillion, but is still down $150 billion since Sunday.
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