Bitcoin fluctuates near a key monthly close, while speculative tokens experience a pullback

Bitcoin remains around $76,800, with altcoins weakening, WLFI declining, and traders closely watching whether this largest cryptocurrency can hold the critical line set by Tom Lee.
Things to know:
On Tuesday, Bitcoin stayed slightly volatile around $76,800, Ethereum showed little change, and major altcoins continued to decline after Monday’s sell-off. Traders are watching Bitcoin’s monthly close at $76,000, which Bitmine Chairman Tom Lee considers crucial for confirming a Bitcoin bull market. WLFI dropped 3.3%, after AI Financial warned it might not survive this year, and CoinMarketCap’s altcoin season index fell back to 33/100.
On Tuesday, the crypto market was flat, with Bitcoin (BTC) holding steady at $76,800, and Ethereum (ETH) down about 0.1% since midnight Coordinated Universal Time.
After the biggest crypto slide on Monday, price trends turned bearish, with a market cap evaporation of up to $2 billion; MSTR’s Bitcoin purchases failed to spark a recovery.
Bitcoin’s price is hovering at a critical juncture near the watershed set by Bitmine (BMNR) Chairman Tom Lee. Lee stated that a bull market would be confirmed if Bitcoin’s month-end close is above $76,000.
Most altcoins this week moved in line with Bitcoin’s weakness, with 18 out of 20 tokens in the CoinDesk 20 Index (CD20) recording declines. SUI and NEAR slightly rose since midnight, being the only two tokens to gain.
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