Bitcoin (BTC) Declines to $67K and Ripple (XRP) Suffers 5% Daily Loss: Cryptocurrency Update

Bitcoin's value has been unstable since the start of the week, falling under $66,000 before bouncing back to $67,000. It had a significant drop on February 6th, going to a 15-month low at $60,000 and then jumping to $72,000. However, it has struggled to recover more significantly since then, facing several rejections at the $71,000-$72,000 resistance level. Bitcoin's market capitalization is now below $1.340 trillion, and its dominance over other cryptocurrencies is under 56.5%. Concurrently, most altcoins are also experiencing a decline, including Ethereum, which lost its $2,000 support. Ripple's XRP and SOL are amongst the worst performers, with nearly 5% losses. This has resulted in the total crypto market cap erasing another $50 billion, falling to $2.370 trillion.