Bitcoin's decline “should extend towards $26,000/$25,000 before finding support,” Tony Sycamore, a market analyst at IG Australia, wrote in a note.
The token fell 3.3 percent on Monday and was stable at around $29,100 on Tuesday. Smaller coins like XRP and dogecoin were mixed in.
A rally in worldcoin, the token of the crypto project co-founded by OpenAI CEO Sam Altman, subdued after its launch on Monday.
Worldcoin rallied as high as $3.58 from the initial price of $1.70 but has fallen back to around $2, CoinMarketCap data showed. Approximately $625 million ($923.7 million) in digital assets changed hands in the last 24 hours.
Bloomberg
