The price of Bitcoin (BTC) continues to correct, falling 1.41% over the last 24 hours and 6.5% over the week. BTC fell to a monthly low of $64,237, losing key support at the psychological level of $65,000. 😟

The total market capitalization is down 2% over the last 24 hours to $2.33 trillion. Trading volume increased by 60%, indicating strong selling in the crypto market.

Bitcoin's decline below $65,000 led to massive liquidations in the crypto market. Over the past 24 hours, $61 million of Bitcoin long positions were liquidated versus $24 million of short positions.

Despite the negative dynamics throughout the crypto market, analysts remain optimistic that BTC will recover in the coming weeks.