Crypto Markets in Retreat: 九游appBTC Losses $70K, WIF Plummets 11% Daily (Market Watch)线上网投在澳门的合法性

Bitcoin’s recent rally came to a halt in the past 24 hours or so, as the asset was pushed down to under $70,000 and even below $69,000.

The altcoins are also in retreat today, with notable price declines from the likes of BCH, DOT, DOGE, ICP, RNDR, WIF, and APT.

BTC Down to $69K

Bitcoin experienced a massive price decline last week when it slumped to a multi-day low of $64,500. However, the bulls managed to intervene at this point and propelled a leg up that resulted in a five-grand surge on Thursday.

After another correction a day later, BTC started to regain value during the weekend and increased back to $69,000 once again. The asset failed to overcome the $70,000 level on Sunday but managed to do so on Monday.

Moreover, that rally resulted in tapping a four-week peak of over $72,500 despite the weakening demand for spot ETFs. Yet, Bitcoin couldn’t maintain its run and started to lose value gradually yesterday. The early morning Asian trading session from today saw another decline that pushed BTC to under $68,500.

Alicia BakeryCMO - A really good agency

Did you like this market update?
This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours!

As of now, the cryptocurrency trades around $69,000. Its market capitalization has dropped to $1.360 trillion, while its dominance over the alts stands at just over 50%.

WIF Heads South

Aside from BNB, TON, and XRP, most other larger-cap alts are in the red today. These three have gained somewhere between 1-3%, while ETH is down by 2.5%, SOL has shed 1.5% of its value, similar to AVAX and SHIB.

Even more losses come from the likes of DOGE (-3%), ADA (-3%), DOT (-3%), and BCH (-6%). The most notable price declines are evident from WIF (-11%), APT (-11%), RNDR (-6.5%), ICP (-6.5%), STX (-5%), and NEAR (-5.3%).

Consequently, the cumulative market cap of all crypto assets has shed over $40 billion in a day and more than $80 billion since the peak on Monday.

SPECIAL OFFER (Sponsored)Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!


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. See Disclaimer for more information.

Cryptocurrency charts by TradingView.