Bitcoin BTC $ 77,166.67 traded at $76,600 on Tuesday, down 0.8% since midnight UTC
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The weakness is not reflected in broader financial markets.
Key facts
- Bitcoin BTC $ 77,166.67 traded at $76,600 on Tuesday, down 0.8% since midnight UTC, as Monday's brief bounce to $77,800 fades
- The altcoin market is mixed, with notable gains across AI tokens and steep losses for tokens that performed well earlier in the year like zcash (ZEC), which has lost around 7% since midnight
Summary
The price of bitcoin has dropped 7% over two weeks and may confirm another lower high in a bearish structure dating back to October. Ether fared even worse after shedding more than 10% over the same period. AI-linked tokens are bucking the weakness, with the CoinDesk Computing Select Index adding 1.9%, led by RENDER and FET, while the DeFi Select Index gained 1.3%. Privacy tokens are broadly lower, with ZEC, XMR and DASH falling as much as 7%. Bitcoin BTC $ 77,166.67 traded at $76,600 on Tuesday, down 0.8% since midnight UTC, as Monday's brief bounce to $77,800 fades.