Bitcoin Reaches 62,000$ , Altcoins Drop 5-7 Percent

- Bitcoin (BTC) briefly passed the 62,000$ level, but quickly fell to $60,200 and fell 3% in the last 24 hours.

- Ethereum (ETH), Ripple (XRP), Cardano (ADA), and Solana (SOL) lost 5-7%.

- If the conflicts in the Middle East escalate, BTC is predicted to fall to $55,000.

- CryptoQuant stated that BTC could target the $85,000-100,000$ range in the last quarter of the year if demand increases.

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