Investing.com - Bitcoin reached the $49,000 threshold last week to find violent resistance and stronger selling campaigns that pushed the price to a harsh decline until the price of Bitcoin against the dollar reached the $41.7,000 levels, down 15% from last Thursday’s peak at $48,970.

There was also a significant decline in the total market capitalization, falling from $1.84 trillion to $1.64 trillion. Market commentators attributed this activity mostly to the “selling the news” narrative.

On the other hand, while cryptocurrency markets started the new week with partial buying, the first transactions gave the impression that the downward momentum is slowing down. While Bitcoin opened the week at $41,732, it has seen a recovery to 42,700.

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Notable altcoins

Among the top 100 coins in the altcoin market, TON, SUI, and FTT have become prominent cryptocurrencies, with their value reaching an increase of more than 10%.#btc🔥🔥🔥