The price of the leading digital asset plummeted hard in the past 12 hours or so, first from $67,000 to $65,500, before another leg down drove it to a weekly low of under $64,000.
The altcoins are also bleeding out now, with substantial losses coming from the likes of ETH, DOGE, TON, AVAX, LINK, and many others.Ever since the volatile end to the previous business week when BTC dropped to $63,000, the asset was charting impressive gains and even spiked above $68,400 for the first time in more than a month after President Joe Biden bowed out of the 2024 election race.
More volatility followed, but bitcoin primarily sat above $67,000 without a real shot to challenge the coveted $70,000 level. Even yesterday, it started on a higher note as the cryptocurrency traded above $67,000.at this point and drove the asset south to $65,c500 at first before another push brought it to its lowest price tag since last Friday of under $64,000 despite the minor positive inflows toward the spot Bitcoin ETFs.
With most lower- and mid-cap alts charting notable losses today, it’s no wonder that the total crypto market cap has shed about $100 billion since yesterday and is down to $2.420 trillion on CG.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.