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Just been watching the charts and BTC keeps getting rejected at these higher levels. Hit $80K yesterday but couldn't hold it, now sitting around $80.34K with some chop underneath. Seems like every time it tries to break through, the bears show up and push it back down. Not surprising given all the macro uncertainty lately.
Most alts are taking it on the chin right now. Ethereum struggling below $2.31K, XRP slipped to $1.42, and even BNB can barely hold $650. SOL, TRX, and ADA all in the red today. The usual suspects like ZEC and HYPE got hit harder, down around 5-6% and 3% respectively.
What's interesting though is Pi Network still holding up relatively well despite the broader market pressure. That one's been resilient lately. Meanwhile, if you're looking at storage plays, Filecoin has been worth keeping an eye on as an alternative narrative in this cycle. Some of the smaller caps like BCAP and HASH are pumping hard but those moves usually don't stick around.
Total market cap dropped another $30 billion and we're below $2.65 trillion now. Bitcoin's dominance sitting at 57%, so alts are getting some relative strength but nothing that feels sustainable yet. Filecoin and similar infrastructure tokens could see some renewed interest if we get a proper alt season, but for now it's mostly sideways chop with occasional sharp moves down. Watching what happens after the next FOMC meeting - could be a catalyst for more volatility. Filecoin included in that watch list honestly, since macro tends to drive everything right now.