Bitcoin Price Performance After a brief recovery on Saturday, Bitcoin plunged by 4% on Sunday, dragging the altcoin market into a bearish zone. Currently trading around $55k, Bitcoin has seen an intraday loss of 1.30%, with a low of $54,296.

This bearish trend has extended into the early Asian trading hours on Monday, indicating possible further declines. Altcoin Impact Bearish sentiment has had a strong impact on major altcoins. Ethereum, Solana, and Toncoin have fallen by 3.99%, 5.3%, and 4.67% respectively. Meme coins have suffered even more, with DOGE, SHIB, and PEPE down by 6.51%, 4.95%, and 11.23%.