Crypto Markets Shed $60 Billion Overnight as Bitcoin Price Drops Toward $64K (Market Watch)

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Bitcoin’s price ascent was stopped at over $66,000, and the asset fell by roughly two grand in the past several hours.

Interestingly, quite a few of the altcoins have registered minor gains over the past day, such as XRP, SUI, and UNI.Last Monday started in a different manner for bitcoin as the asset jumped from under $63,000 to almost $65,000, facing significant pressure and failing to double down. The bears reversed its trajectory and pushed it south to its starting point.

Another similar scenario was repeated on Wednesday and Thursday with identical price increases and corrections. However, this is where the bulls stepped up on the gas andAfter a slight retracement there, the asset went on the offensive once again and jumped to a two-month peak of $66,500 . Although it couldn’t maintain its run during the weekend, itThis is all you need not to miss any price action in the raging crypto markets.

Toncoin, Solana, Tron, Avalanche, and Bitcoin Cash are slightly in the green from the larger-cap alts, while ETH, BNB, DOGE, ADA, SHIB, and LINK have posted losses of up to 4% in the case of the meme coins.Still, the total crypto market cap is down by $60 billion since the weekend peak to $2.370 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.

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.

 

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