Crypto Markets Lose $60 Billion Overnight As Bitcoin Price Falls Toward $64,000 (Market Watch)

Bitcoin’s price rally stalled above $66,000, and the asset fell roughly two thousand in the last few hours.

Interestingly, many of the altcoins have seen minor gains over the past day, including XRP, SUI and UNI.

BTC falls towards $64,000

Last Monday started off differently for bitcoin as the asset went from under $63,000 to nearly $65,000, facing significant pressure and failing to double. The bears reversed his trajectory and pushed him south to his starting point.

Another similar scenario was repeated on Wednesday and Thursday with identical price increases and corrections. However, this is where the bulls stepped on the gas and started a big push on Friday that took BTC to $66,000.

After a slight pullback there, the asset went back on the offensive and jumped to a two-month high of $66,500 (on Bitstamp). Although it was unable to sustain its run over the weekend, it mostly stayed above $65,000 and even $66,000.

However, it fell hard during the Asian trading session on Monday morning, shedding approximately two thousand in a drop to $64,200. It is now at that level as well, with its market cap falling to $1.270 trillion. Its hold on the highs has also taken a hit, falling 0.4% on the day to 53.5%.

Bitcoin/Price/Chart 30.09.2024. Source: TradingView XRP gains continue

Ripple’s native token was yesterday’s best performer and has only doubled in the last 24 hours. XRP has hit $0.65 after another 4% rise.

Toncoin, Solana, Tron, Avalanche, and Bitcoin Cash are slightly in the green of the larger-cap highs, while ETH, BNB, DOGE, ADA, SHIB, and LINK have posted losses of up to 4% in the case of the meme. coins

TAO and SUI have emerged as the top midcap performers, followed by APT, RNDR and XLM.

Still, the total crypto market capitalization is down $70 billion from the weekend peak to $2.370 trillion in CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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