Bitcoin retreats after rejection at $73 and the market loses momentum.

• Bitcoin rejected today at US$73.
• Altcoins fall amid crypto market correction.
• Market capitalization loses US$50 billion in 24 hours.

Bitcoin is currently trading at $71.064,77, down 1,5% in the last 24 hours, after again showing difficulty in sustaining higher levels after reaching a peak near $73.000. The asset was quickly rejected at that range and ended up giving back more than $2.000, amid a scenario still influenced by recent geopolitical factors.

The asset had last surpassed the $72.000 mark on March 25, but selling pressure pushed the price down to the $65.000 range a few days later. Over the following week, Bitcoin fluctuated between $66.000 and $69.000, maintaining a sideways movement before new impulses.

Over the weekend, the market showed less activity, with BTC stabilizing near US$67.000, even in the face of statements from the current US president, Donald Trump, related to the conflict in the Middle East. The resumption of movement came with expectations of a ceasefire, which boosted the price above US$70.000.

With the confirmation of the agreement, Bitcoin quickly advanced to the region of US$72.700 and even touched US$72.800, also supported by news involving bitcoin payments in the Strait of Hormuz. However, the appreciation did not hold, and the asset retreated to around US$70.400 before a slight recovery.

Currently, BTC remains in the US$71.000 range, with its market capitalization around US$1,42 trillion. At the same time, its dominance over other cryptocurrencies has risen to approximately 57%, indicating a greater concentration of value in the main asset.

Meanwhile, altcoins followed the correction movement. Ethereum even tested $2.300, but fell back below $2.200. XRP and BNB continue to compete for position among the largest assets, with BNB taking the lead after a more moderate drop.

Other assets such as LINK, ADA, SOL, DOGE, XLM, and WLFI registered more pronounced losses, while the RAIN token stood out by advancing about 5%, trading near US$0,008.

Overall, the cryptocurrency market has lost approximately $50 billion in total value since its recent peak, with capitalization falling to around $2,5 trillion, reflecting a period of adjustment following Bitcoin's attempted breakout.