The cryptocurrency market will not end this week on a high note. This is quite the opposite, as Bitcoin and all the top altcoins dropped significantly in price over the past few hours.

Bitcoin rose from around $71,000 to under $69,000, while Ethereum fell from around $3,850 to under $3,700. All other top altcoins are also down around 10%.

According to cryptocurrency data provider Watcher Guru, approximately $300 million has been liquidated from the cryptocurrency market in just the past 60 minutes. This shows that investors quickly sold off their positions.

JUST IN: $300 million liquidated from crypto markets in the last 60 minutes