Bitcoin Trades Around $66,000…Altcoin Losses Deepen

While Bitcoin (BTC) is showing a relatively steady trend around $66,000, major altcoins are undergoing sharper corrections.

According to Cryptodnes, a media outlet specializing in virtual assets (cryptocurrencies), Bitcoin has been oscillating around the $66,000 level as of the 2nd. By contrast, major altcoins posted declines of 3–4% over the past 24 hours, underscoring relative weakness.

Ethereum (ETH) fell more than 3% to below the $2,000 mark, while Solana (SOL) saw a pullback of over 4%. XRP also slid more than 3%, coming under selling pressure. Cardano (ADA) dropped over 4% to trade at $0.27, and Dogecoin (DOGE) also retreated about 3% to around $0.09.

Meanwhile, the Altcoin Season Index came in at 35 out of 100, still pointing to a “Bitcoin-dominant” phase. This indicates that funds are staying in Bitcoin, which is relatively less volatile, rather than moving into higher-risk tokens.

Technical indicators are also weighing on altcoins. The market-wide Relative Strength Index (RSI) is near neutral at around 46, but key altcoin readings are trading below short-term support levels, suggesting the bearish trend remains intact.

Market participants say that if Bitcoin holds above $65,000, near-term stability could persist. However, a break below that zone is raising concerns about a further widening of losses centered on altcoins. Analysts add that as long as geopolitical tensions and macro uncertainty persist, altcoin volatility could remain elevated for some time.