Crypto Markets: Bitcoin is Declining, Altcoins Remain Weak

Bitcoin has lost 1.5% of its value from last night's peak, failing to regain the $94,700 level. This situation reinforces a declining trend that has been ongoing since the beginning of October.

CoinDesk 20 index has declined by 1.6% as of midnight UTC. During this period, Bitcoin dominance has increased, highlighting the continued weakness in the performance of altcoins.

The average relative strength index (RSI) in the markets is measured at 38.49. This value indicates that the market is oversold and suggests that a short-term recovery could occur without any positive impacts by the end of the year.