There is a fair amount of bearish pressure on all of the cryptocurrency markets. This is primarily the result of Bitcoin dipping in the red, although that is never the only reason for this particular turn of events. The Basic Attention Token price is retracing pretty hard, as the $0.37 level could not be sustained at this time.
It is not entirely uncommon to see this wave of bearish pressure materialize at this particular time. A lot of markets have noted very strong gains in recent weeks, yet it is evident such an uptrend will be met with a correction sooner or later. As Bitcoin is now struggling to push ahead even further, it is normal to see the altcoins struggle significantly as well. For Basic Attention Token, its most recent surge has come crashing down in quick succession.