The cryptocurrency market has erased more than $150 billion in value since Sunday, as Bitcoin slipped under $63,000 and dragged most altcoins lower.
Bitcoin attempted to recover above $70,000 at the start of last week but was rejected, then traded in a narrow range between $67,000 and $68,500 for several days. After briefly approaching $69,000 over the weekend, the asset came under heavy pressure once traditional futures markets reopened. Within just over an hour, Bitcoin dropped sharply from $67,700 to $64,400, triggering significant liquidations.
Although it staged a short rebound toward $66,500, sellers regained control and pushed the price below $63,000 for the first time since the early February crash that sent it to $60,000. Bitcoin is now hovering just above that level, with its market capitalization falling to around $1.26 trillion. Its dominance among altcoins has also weakened, slipping below 56 percent.
Altcoins have followed Bitcoin’s decline. Ethereum has fallen about 5 percent to trade near $1,800. XRP is down roughly 4.5 percent and is struggling to hold above $1.30. BNB, Solana, and TRON have recorded similar losses, while Dogecoin, Cardano, and HYPE have dropped more than 5 percent.
Bitcoin Cash has posted the steepest decline among larger capitalization assets, losing over 11 percent and falling below $485. Zcash, RAIN, Uniswap, SUI, WLFI, and several others are also experiencing notable losses.
One exception is PIPPIN, which continues to outperform the broader market. The token has climbed to a new all time high of $0.80 following another double digit daily gain.
Despite isolated strength in a few tokens, the overall crypto market capitalization now stands at approximately $2.26 trillion, reflecting a sharp contraction in total value.
