BTC Sluggish Back! Is This A Bearish Sign?

<p>&nbsp;Bitcoin's rally towards $27,000 suddenly came to a halt as the asset returned to its usual levels around $26,000.</p><p><br /></p><p>Most altcoins also suffered losses today after a brief rally yesterday, with SOL, XRP, SHIB, and MATIC among the biggest hit among the larger market caps.</p><p><br /></p><p>Bitcoin experienced significant volatility last Thursday when its price dropped more than three thousand in a day to a two-month low of $25,300. However, it managed to overcome the decline and returned to $26,000 and remained at that level for several days without any significant events.</p><p><br /></p><p>Interestingly, investors with larger capital have used this opportunity to accumulate more bitcoins.</p><p><br /></p><p>BTC started to gain momentum on Thursday and surged to a 6-day high of $26,800. Although the community is excited again, bitcoin is starting to lose its momentum and has lost almost all of its gains. Thus, the cryptocurrency BTC has returned to $26,000.</p><p><br /></p><p><br /></p><p>The market capitalization for Bitcoin has returned to less than $510 billion, while dominance over altcoins remains at a relatively stable level of 48.3% in CMC.</p><p><br /></p><p>Altcoins also posted some gains yesterday, but they didn't last long. More daily losses came from Binance Coin, Cardano, Dogecoin, Tron, Polkadot, MATIC, and Litecoin, all down around 2%.</p><p><br /></p><p>Solana, Ripple, and Shiba Inu have fallen by 3-5%. SOL is close to breaking below the $20 price level after a daily decline of 4.5%.</p><p><br /></p><p>Low- and mid-cap altcoins were similar, with LDO, APT, and MKR down more than 5%. However, PEPE performed worst on the daily scale, having lost more than 20% of its value amid unfavorable speculation.</p><p><br /></p><p>The total crypto market capitalization has decreased by more than $10 billion and returned to $1.050 trillion in CMC.</p>