Bitcoin (BTC) drops to the $62,000 range, triggering a significant decline in the crypto market.
In the last 24 hours, 69,378 traders were liquidated, totaling $163.08 million in losses.
Top cryptocurrencies are facing tough times, while traditional assets like the NASDAQ are growing. What’s causing the chaos?
Today, the cryptocurrency market is displaying a significant downturn, with major altcoins witnessing sharp declines. The global crypto market capitalization has decreased by 3.38% to $2.27 trillion. This drop has been largely influenced by Bitcoin’s (BTC) decline below the $62,500 range, currently trading at a low of $62,299. This marks a 15% decrease from its all-time high of $73,750 recorded three months ago. Ethereum (ETH), the second-largest cryptocurrency, has also followed a similar downward trajectory.
Cryptocurrency Headmap (Source: TradingView)
Despite recent positive developments such as the launch of Australia’s first Spot Bitcoin ETF and the concl
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