Bitcoin’s price movements remain lackluster as it struggles to recover from a recent drop below $66,000, now hovering just above that mark.

Meanwhile, various altcoins have seen more favorable gains over the past day, with HYPE and HBAR both recording around a 5% increase.

Bitcoin Remains at $67K

The leading cryptocurrency has faced ongoing challenges. Following a rejection at $90,000 on January 28, a dominant bearish trend has gripped the market. The most significant drop occurred last Friday, where Bitcoin fell to $60,000, its lowest point in over a year.

After this drastic dip, bulls attempted to reclaim the territory, driving prices up to $72,000. However, efforts to surpass that threshold were unsuccessful.

The correction that occurred yesterday saw Bitcoin dip below $66,000 once again, although it quickly rebounded to $68,000. Currently, Bitcoin is trading at approximately $67,000, reflecting a 5% drop over the past week.

The market cap remains at $1.340 trillion, with its dominance over altcoins decreasing to 56.6%.

BTCUSD Feb 12 BTCUSD Feb 12. Source: TradingView

MYX Experiences a Sharp Decline

Most larger-cap altcoins experienced slight gains today. Ethereum (ETH) continues to trade below $2,000, and XRP is below $1.40. However, BNB has managed to maintain its position above $600 among the top five cryptocurrencies.

The standout performers today include altcoins HYPE and HBAR, both witnessing a gain of 5%, now priced at $30 and $0.093, respectively.

In stark contrast, MYX caved under pressure, plummeting nearly 40% and trading below $3.3.

The total crypto market cap remains just under $2.4 trillion, with a slight increase of about $20 billion from yesterday.