Cryptocurrency market wipes out $60 billion overnight as Bitcoin price drops to $64,000 (Market Watch)

Bitcoin’s worth positive aspects stalled above $66,000, whereas the asset has roughly tripled its worth over the previous few hours.

Curiously, fairly a couple of altcoins have seen small positive aspects over the previous day, comparable to XRP, SUI, and UNI.

BTC drops to $64,000

Final Monday began another way for Bitcoin, with the asset leaping from under $63,000 to almost $65,000, dealing with intense stress and failing to double. The bear modified its trajectory and pushed it south to the place it began.

One other related scenario occurred on Wednesday and Thursday, with the identical worth enhance and correction. Nevertheless, that is the place the bulls step up their recreation, initiate A pointy rise on Friday pushed BTC to $66,000.

After a minor retracement, the asset resumed its offensive, leaping to a two-month excessive of $66,500 (on Bitstamp). Though it isn’t doable to take care of operation on weekends, Mainly standing Over $65,000, even $66,000.

Nonetheless, it fell down The worth fell sharply throughout Asian buying and selling on Monday morning, falling by round $2 to $64,200. It’s now at this degree, with the market capitalization falling to $1.270 trillion. Its dominance over various currencies additionally took successful, falling 0.4% in a day to 53.5%.

XRP continues to rise

Ripple’s native token was yesterday’s best-performing token, having solely doubled up to now 24 hours. XRP has hit $0.65 after one other 4% surge.

Toncoin, Solana, Tron, Avalanche, and Bitcoin Money have been barely larger in comparison with the broader altcoins, whereas ETH, BNB, DOGE, ADA, SHIB, and LINK misplaced as much as 4% of their cash amid the meme.

TAO and SUI emerged as the highest performers amongst mid-cap shares, adopted by APT, RNDR and XLM.

Nonetheless, for the reason that weekend peak, the overall CG cryptocurrency market capitalization has fallen by $60 billion to $2.370 trillion.