According to CryptoPotato, Bitcoin experienced substantial volatility yesterday, dropping from nearly $67,000 to a 16-day low of $62,200 before rebounding by over $3,000. Altcoins also faced similar fluctuations, with XRP, KAS, DOGE, SOL, and TON leading the declines.

The week began positively for Bitcoin, reaching $70,000 for the first time in seven weeks following a volatile weekend that included Donald Trump's speech at the 2024 Bitcoin Conference in Nashville. However, the cryptocurrency could not maintain its momentum, leading to a significant drop. By Wednesday, Bitcoin had lost approximately $4,000, settling at $66,000. Although it briefly challenged $67,000 on Thursday, the bears regained control, pushing it down to $63,500 and then further to $62,200, its lowest point since July 15. The volatility continued as Bitcoin spiked to $65,600 within hours before dropping again to just over $64,000.

The liquidations have surged to $256 million on a daily scale. Despite this, Bitcoin's market cap has managed to stay above $1.270 trillion, and its dominance over altcoins has increased to 52.9%.

Ripple's native token, XRP, which had recently reached a multi-month peak of $0.66, has seen a 14% decline since then, including a 6% drop in the past 24 hours. Other major altcoins like SOL, DOGE, TON, BCH, LINK, and SHIB have also experienced declines of 3-5% over the past day. Consequently, the total cryptocurrency market cap has decreased by about $50 billion overnight, now standing just under $2.4 trillion.