Bitcoins underwhelming price performance continues as the asset dropped to a 6-day low of just over $95,000 earlier today.

At the same time, many altcoins have continued to chart substantial losses, led by Solana, Chainlink, Avalanche, HBAR, and SUI.

BTCs Losses

The primary cryptocurrency slumped hard last Wednesday after the release of the US CPI numbers for January and dumped toward $94,000. However, it bounced off almost immediately and jumped past $98,000. After another retracement, BTC skyrocketed on Friday and tapped $99,000 for the first time in just under a week.

Nevertheless, the asset couldnt sustain its momentum and started to lose value gradually in the following days. The weekend was somewhat sluggish, with BTC trading mostly around $97,500. The losses extended on Monday and Tuesday morning, as the cryptocurrency slipped to just over $95,000 earlier today. This became its lowest price tag in six days.

As of now, it stands at around $95,600, but its still around 0.5%-1% down on the day. Its market capitalization has plunged below $1.9 trillion, while its dominance over the alts stands close to 58%.

Alicia BakeryCMO - A really good agencyDid you like this market update?

This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours!

Altcoins Keep Bleeding

Many alternative coins have charted notable price losses over the past few days, and the landscape has only worsened since yesterday. Solana is at the forefront of this adverse trend. SOL has plummeted below $170 a multi-month low as the meme coin frenzy has faded. The asset has lost 9% on a daily scale and more than 18% since this time last week.

Painful declines are also evident from the likes of SUI, AVAX, LINK, and HBAR, with price drops of up to 7%. The situation with the mid-cap alts is no different, as TRUMP, APT, and AAVE have charted similar declines.

The total crypto market cap has shed over $50 billion since yesterday and has dumped to $3.270 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.