The cryptocurrency market enters a new week with Bitcoin (BTC) 
$78,262 under close scrutiny. The largest cryptocurrency surged to $86,000 over the weekend, marking its highest level in 11 days. However, this rise was short-lived as the price quickly fell back below $85,000. Meanwhile, Bitcoin’s market dominance has exceeded 60%, reaching its highest point since 2021. The altcoin market, in contrast, remains stagnant, with only Solana 
$86 (SOL) and TRON (TRX) standing out among the coins.
Bitcoin Tests $86,000 Before Retreating
Last week proved quite eventful for Bitcoin. BTC dropped to around $74,000 on Monday, completed the week above $83,000, and then climbed to $86,000 over the weekend. Unfortunately, this increase proved temporary, and the price retreated below the $85,000 mark again.
One of the significant developments triggering this rally was the Trump administration’s decision to ease customs tariffs on countries other than China. Additionally, positive Consumer Price Index (CPI) data from the U.S. boosted risk appetite and supported Bitcoin. These factors contributed to a weekly price increase of 12.7% for the largest cryptocurrency.
Currently, the leading cryptocurrency has a market capitalization of $1.68 trillion. According to CoinGecko, Bitcoin’s market dominance stands at 60.5%. TradingView reflects this dominance at 63.4%. These levels represent the highest market dominance for Bitcoin since 2021.
Mantra (OM) Coin Experiences Drastic Decline
One of the most noteworthy developments from last week was the dramatic collapse of Mantra (OM). The price of OM coin plummeted by over 90% due to mandatory position liquidations on centralized exchanges. The CEO of the project attributed this collapse to “irresponsible leveraged trading.”
The OM coin shocked investors by dropping from $6.31 to $0.70 in just one hour. During this time, a total of $74.5 million was liquidated, making it the second cryptocurrency to experience the largest liquidity loss after Ethereum (ETH) 
$2,330.
This decline in Mantra did not resonate similarly across other major altcoins. Leading cryptocurrencies such as XRP, BNB, DOGE, ADA, TON, and LINK experienced only minor losses. In contrast, Solana and TRON saw gains of around 3%, making them stand out coins of the day.
Ethereum’s performance remained limited, rising just over 1% in the last 24 hours and managing to exceed the $1,600 mark. However, this increase paled in comparison to the rise seen in Bitcoin.
The total value of the cryptocurrency market has struggled to break through the $2.9 trillion resistance level. In the last 24 hours, approximately $20 billion has been lost, indicating that the current environment remains fragile for coins other than Bitcoin.
