{"id":5001,"date":"2026-07-28T21:38:55","date_gmt":"2026-07-28T21:38:55","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=5001"},"modified":"2026-07-28T21:38:55","modified_gmt":"2026-07-28T21:38:55","slug":"crypto-market-sheds-80-billion-as-bitcoin-falls-to-63k","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/07\/28\/crypto-market-sheds-80-billion-as-bitcoin-falls-to-63k\/","title":{"rendered":"Crypto Market Sheds $80 Billion as Bitcoin Falls to $63k"},"content":{"rendered":"\n
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The cryptocurrency market erased roughly $80 billion<\/strong> in value over the past 24 hours after Bitcoin (BTC) suffered a sharp rejection near key resistance, triggering a broad sell off across major digital assets.<\/p>\n\n\n\n

The downturn followed Monday\u2019s rally, which had been fuelled by easing geopolitical tensions over the weekend. However, the bullish momentum quickly faded as sellers regained control.<\/p>\n\n\n\n

Bitcoin Drops After Failing to Hold Above $65K<\/strong><\/p>\n\n\n\n

Bitcoin enjoyed a strong rally last week, climbing from around $63,750<\/strong> to a monthly high near $67,000<\/strong> in just 36 hours. Despite the impressive move, the leading cryptocurrency failed to break above that level and gradually retreated to approximately $63,750<\/strong> by Friday.<\/p>\n\n\n\n

Buyers stepped back in over the weekend, helping BTC recover to around $64,000<\/strong> as market volatility eased.<\/p>\n\n\n\n

Optimism returned on Monday after news of reduced tensions in the Middle East encouraged renewed risk appetite. Bitcoin climbed to $65,600<\/strong> twice, reaching its highest level since Friday.<\/p>\n\n\n\n

The recovery proved short lived.<\/p>\n\n\n\n

After failing once again to break resistance, Bitcoin experienced an aggressive sell off that sent the asset tumbling to around $63,000<\/strong>, its lowest price in ten days and a move that contributed to nearly $700 million<\/strong> in liquidations across the derivatives market.<\/p>\n\n\n\n

At the time of writing, BTC had recovered slightly to around $63,400<\/strong>, although it remained roughly 3%<\/strong> lower on the day. Its market capitalisation stood at approximately $1.72 trillion<\/strong>, while its dominance of the overall crypto market remained below 57%<\/strong>.<\/p>\n\n\n\n

Altcoins Extend Market Losses<\/strong><\/p>\n\n\n\n

The broader cryptocurrency market also came under heavy selling pressure.<\/p>\n\n\n\n

Ethereum, which had climbed to a two month high near $1,980<\/strong> a day earlier, reversed sharply and fell more than 4%<\/strong>, dropping below $1,900<\/strong>.<\/p>\n\n\n\n

XRP and Solana (SOL) posted similar declines, while Hyperliquid\u2019s HYPE token recorded one of the steepest losses among large cap cryptocurrencies, sliding about 8%<\/strong> to around $55<\/strong>.<\/p>\n\n\n\n

Other notable losers included Zcash (ZEC), Chainlink (LINK), Stellar (XLM), and Cardano (ADA), all of which traded firmly in negative territory.<\/p>\n\n\n\n

Among the top 100 cryptocurrencies by market capitalisation, BEAT<\/strong> suffered the biggest decline, plunging roughly 25%<\/strong> to around $2.74<\/strong>. NEAR dropped about 10%<\/strong>, while SHIB and PI each fell approximately 9%<\/strong>.<\/p>\n\n\n\n

Total Crypto Market Value Falls by $80 Billion<\/strong><\/p>\n\n\n\n

The widespread decline reduced the total cryptocurrency market capitalisation from roughly $2.33 trillion<\/strong> to $2.25 trillion<\/strong>, representing an $80 billion<\/strong> loss in market value within a single day as investors moved to reduce risk ahead of the US Federal Reserve\u2019s upcoming policy decision.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency market erased roughly $80 billion in value over the past 24 hours after Bitcoin (BTC) suffered a sharp rejection near key resistance, triggering a...<\/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-5001","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/5001","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=5001"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/5001\/revisions"}],"predecessor-version":[{"id":5003,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/5001\/revisions\/5003"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=5001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=5001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=5001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}