Bitcoin Struggles Below $70K as WLFI Raises Amid Market Turmoil
Crypto News/Markets

Bitcoin Struggles Below $70K as WLFI Raises Amid Market Turmoil

Bitcoin's price has retraced sharply after a failed surge past $70K, while WLFI shows resilience with notable gains.

Bitcoin’s price soared to $72,000 on Sunday but quickly lost traction, dropping by over $2,500 from that peak, hovering now just below $70,000.

While many larger-cap altcoins are facing losses, WLFI is an exception, rallying by 8% to nearly $0.11.

Bitcoin’s Struggles Below $70K

The leading cryptocurrency has faced multiple dips over recent weeks, including a significant drop from $84,000 to below $76,000 just last month. Attempts by bulls to push the price back up to $79,000 were only temporary, as bearish trends dominated the market.

After a rough week featuring intensifying selling pressure, Bitcoin dropped down to $60,000, marking its lowest since before the US elections in November 2024. Following this decline, Bitcoin tried to regain its strength, peaking at $72,000 but ultimately retreating back to below $70,000. Its market cap is currently around $1.39 trillion, with a dominance of just over 57% in relation to altcoins.

WLFI’s Market Resilience

In contrast, the altcoin market is experiencing declines, with Ethereum down 3% to $2,030 and XRP dropping to $1.40. However, WLFI stands out, exhibiting an impressive 8% growth, while other tokens like JUP, ONDO, and ARB have seen significant losses.

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