Bitcoin Struggles Near $66K While DEXE Crashes 90 Percent

Bitcoin is currently trading just below $66,000 after a week of strong price movement. The leading cryptocurrency reached a monthly peak of $67,000 before running into resistance. This recent climb helped BTC gain significant ground from its July lows, though market dominance remains steady above 57 percent.

While Bitcoin consolidates, the broader altcoin market is seeing mixed results. Most major assets are trading lower today as investors take profits. Large caps like Solana, Ethereum, and Dogecoin have all dipped, while tokens like RAIN have managed to post gains of around 6 percent.

The most notable move comes from DEXE, which saw its price collapse by 90 percent over the last 24 hours. The token is now trading at roughly $4.50, putting its spot in the top 100 cryptocurrencies at risk. The total crypto market capitalization has also decreased by roughly $40 billion, bringing the total value to $2.3 trillion.

Traders are watching to see if Bitcoin can defend the $66,000 level or if it will face further downward pressure. Given the volatility seen in projects like DEXE, market participants should remain cautious as the total market cap adjusts from its recent peak.