Bitcoin Dropped Below $67,000 – Whole Crypto Market is Bleeding

The whole crypto market is bleeding red with Bitcoin briefly slipped below $67,000 for the first time in the past month.

Bitcoin and most altcoins experienced a price drop on Tuesday after it peaked at $71,200 on Monday.

At the time of writing Bitcoin (BTC) is trading at $67,100 after a 3.83% drop in the past 24 hours and a trading volume of around $32 billion. The top crypto’s market cap is currently $1.31 trillion.

The 1-day technical analysis from TradingView showcases the bearish santiment that is suroinding the market – the summary, moving averages and oscillators point to “sell” with 13, 9 and 4 signals, respectively.

Around $50.8 million were liquidated from the crypto market in the past 24 hours with $7 million being short positions and $43.8 million in longs, according to data from CoinGlass.

Ethereum (ETH) dropped by 4.1% to $3,520 with $15.8 billion in 24-hour trading volume and has a market cap of over $423 billion.

The biggest losers from today’s downturn are Wormhole (W) and Notcoin (NOT).

Wormhole lost 13.25% and is currently trading at $0.545 and dropped below the $1 billion market cap level.

Notcoin is priced at $0.016 after a 12.7% decline in the past 24 hours and a 33% decline on the weekly chart.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.