{"id":4149,"date":"2026-06-23T21:20:20","date_gmt":"2026-06-23T21:20:20","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=4149"},"modified":"2026-06-23T21:20:20","modified_gmt":"2026-06-23T21:20:20","slug":"bitcoin-falls-below-62000-as-ethereum-drops-6-and-crypto-market-extends-losses","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/06\/23\/bitcoin-falls-below-62000-as-ethereum-drops-6-and-crypto-market-extends-losses\/","title":{"rendered":"Bitcoin Falls Below $62,000 as Ethereum Drops 6% and Crypto Market Extends Losses"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"588\" height=\"336\" data-id=\"4150\" src=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/06\/IMG_3222-34.jpeg\" alt=\"\" class=\"wp-image-4150\" srcset=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/06\/IMG_3222-34.jpeg 588w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/06\/IMG_3222-34-300x171.jpeg 300w\" sizes=\"auto, (max-width: 588px) 100vw, 588px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>The cryptocurrency market faced another wave of selling pressure over the past 24 hours, pushing Bitcoin back into negative territory and dragging most major altcoins lower.<\/p>\n\n\n\n<p>Total crypto market capitalization has dropped sharply, falling to nearly $2.2 trillion as broad market weakness continues.<\/p>\n\n\n\n<p><strong>Bitcoin Slips Below Key Support<\/strong><\/p>\n\n\n\n<p>Bitcoin attempted a recovery on June 22 and briefly moved above $65,000, raising hopes of a stronger rebound. However, the rally quickly lost momentum as sellers returned, driving the asset back down toward the $62,000 level.<\/p>\n\n\n\n<p>Several factors appear to be fueling the latest correction. These include continued outflows from spot Bitcoin ETFs, growing market fear after reports that long term holders are selling portions of their holdings, a strengthening US dollar, and fresh concerns surrounding quantum computing.<\/p>\n\n\n\n<p>Investor anxiety also increased after Donald Trump signed an executive order supporting quantum computing research and development. Some market participants view rapid progress in quantum technology as a long term risk to blockchain security.<\/p>\n\n\n\n<p>The sharp drop in Bitcoin also triggered widespread liquidations across leveraged positions. According to <a href=\"https:\/\/www.coinglass.com?utm_source=chatgpt.com\">CoinGlass<\/a>, total liquidations over the past 24 hours exceeded $700 million, with Bitcoin accounting for roughly 30 percent of that figure.<\/p>\n\n\n\n<p>Bitcoin\u2019s market capitalization has now declined to around $1.25 trillion, while its dominance over the broader crypto market remains relatively stable at approximately 56.3 percent.<\/p>\n\n\n\n<p><strong>Altcoins Record Even Steeper Losses<\/strong><\/p>\n\n\n\n<p>Most major altcoins suffered heavier losses than Bitcoin.<\/p>\n\n\n\n<p>Ethereum fell 6 percent on the day, dropping to around $1,650. Other major tokens such as Stellar, Ethena, and Worldcoin posted losses between 9 and 10 percent.<\/p>\n\n\n\n<p>Solana and Hyperliquid also moved lower after recent rebounds failed to hold.<\/p>\n\n\n\n<p>A few assets managed to outperform despite the broader selloff. DeXe surged 47 percent over the last 24 hours, while Provenance Blockchain\u2019s HASH token climbed 26 percent. Rain also remained in positive territory with smaller gains.<\/p>\n\n\n\n<p><strong>Market Value Drops by $120 Billion<\/strong><\/p>\n\n\n\n<p>The latest selloff erased approximately $120 billion from the total crypto market in just one day.<\/p>\n\n\n\n<p>As of now, total market capitalization has fallen below $2.23 trillion, highlighting the continued pressure across both Bitcoin and the broader altcoin market.#crypto#cryptonews <a href=\"https:\/\/coinsignals.net\">https:\/\/coinsignals.net<\/a> <a href=\"https:\/\/t.me\/coinsignalpublic\">https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market faced another wave of selling pressure over the past 24 hours, pushing Bitcoin back into negative territory and dragging most major altcoins lower.&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4149","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=4149"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4149\/revisions"}],"predecessor-version":[{"id":4151,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4149\/revisions\/4151"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=4149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=4149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=4149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}