Bitcoin and other cryptocurrencies dropped sharply as last week's recovery faded.
After staying above $60,000 during the weekend, Bitcoin retreated to $58,000. Other cryptocurrencies, including Solana, Jasmy, and Mantra, dropped by a larger margin. Jasmy fell to $0.02, down over 15% from last week's highest point, while Solana slipped to $144 and Mantra retreated to $0.9657. A dead cat bounce, yen carry trade unwind fears, and Bitcoin's death cross are among the pressures. The tokens will likely remain under pressure this week, though softer inflation data could change sentiment.