Bitcoin's price dipped below $67,000 after attempting to breach the $70,000 mark during early trading in Asia. As of the latest update, its price reflected a 2.3% decrease in the last 24 hours, trailing behind the CoinDesk 20 Index, which recorded a 1% drop during the same timeframe. Ethereum's ether (ETH) saw a decline nearing 1%, while several other cryptocurrencies, including litecoin (LTC), polkadot (DOT), and the Internet Computer Protocol's token (ICP), experienced losses ranging from 4% to 5%.

In contrast, Solana (SOL) was a bright spot in the market, securing a 2.4% gain to reach $163, though still down from its $170 high over the weekend.

Despite setbacks in the Bitcoin market, TeraWulf (WULF), having shifted towards high-performance computing to power AI data centers, managed to increase by 12%. Analysts suggest that escalating interest rates across Western economies, including notable gains in the U.S. 10-year Treasury yield, could exert pressure on the prices of risk assets, including Bitcoin.

Looking at Bitcoin's trajectory, it persists in the flat-to-down price channel established following its peak of $73,700 recorded more than seven months ago. The latest attempt to reach the $70,000 benchmark occurred in late July but ultimately resulted in a decline below $52,000 shortly after.

As the week progresses, market participants will be keenly watching for significant quarterly earnings reports from U.S. companies, which may influence investor sentiment regarding cryptocurrencies, noted crypto trading firm Wincent. The firm indicated a potential brief pullback this week, but forecasted a possible rally as the U.S. election approaches.