Bitcoin (BTC) Price Dumps Below $62K Again After Another Rejection at $65K (Market Watch) 📉
📉 Even the Hong Kong-based Bitcoin and Ethereum ETFs can’t shake off the negative sentiment in the crypto market, as Bitcoin dropped back down to around $62,000. Aside from CRO, which has jumped by about 5%, the rest of the larger-cap alts are either in the red or with insignificant gains.
📉 Bitcoin had a more positive start last week, briefly surpassing $67,000, but quickly faced strong resistance at $65,000. The bears intercepted, leading to a slump to $62,800, then $62,400. Despite a slight rebound to $64,500 on Sunday, BTC couldn’t sustain momentum and dropped to a ten-day low of $61,700. Currently, it struggles to remain above $62,000.
📉 Most larger-cap alts followed Bitcoin's trajectory, experiencing similar rejections. Ethereum briefly exceeded $3,200 with the Hong Kong BTC and ETH ETFs going live, but has since dropped below $3,100. Other alts like Solana, Cardano, Bitcoin Cash, Polkadot, Chainlink, MATIC, and ICP have declined by 2-4%, with NEAR dropping by more than 5% in a day.
📈 CRO and Avalanche stand out as notable gainers, while TON, SHIB, BNB, and TRX show insignificant increases. The total crypto market cap has lost another $40 billion overnight, down to $2.410 trillion on CG.
