Monday massacre continues! Bitcoin, the main cryptocurrency that first dropped below $60,000 almost two months ago, has hit rock bottom again. 😱 Altcoins are not doing well either, with many experiencing double-digit price losses while others are showing declines of 5-10%. 📉

We have previously reported on the bad start of the week for Bitcoin and other cryptocurrencies. The largest digital asset lost two thousand dollars in a few hours, falling to $62,100. However, the situation worsened in the following hours and the cryptocurrency fell below $60,000 for the first time since the beginning of May. 😰

Currently, BTC has only managed to rise above this level, but its market cap has fallen below $1.2 trillion. This means that Bitcoin has fallen by 6% in the last day and more than 8% on a weekly scale.

The biggest losses in the altcoin space come from GNO (-11%), BRETT (-11%), UNI (-9.5%), BCH (-8%), MRK (-8%) and many others.

The total value of liquidation positions increased by more than $320 million on a daily basis. The number of traders who went bankrupt in the same time period is over 85,000.

Do you think this decline will continue or will Bitcoin recover? We are waiting your comments! 💬👇