🚨Crypto Alert!🚨 Bitcoin (BTC) has taken a tumble, folks! For the first time in nearly two months, BTC slipped below the $60,000 mark. It's a Monday massacre in the crypto world, with altcoins also feeling the heat. We're seeing double-digit price drops and many others are down by 5-10%. 😱

Earlier today, BTC had already lost over two grand within hours, hitting a 6-week low of $62,100. But hold onto your hats, because things got even worse! BTC plummeted to under $60,000 for the first time since early May. 😲

As of now, BTC has managed to bounce back a little, just over the $60,000 level. But its market cap has taken a hit, plunging below $1.2 trillion. This is due to a 6% drop in the past day and an 8% drop on a weekly scale. 😓

The altcoin space isn't faring much better, with significant losses from GNO (-11%), BRETT (-11%), UNI (-9.5%), BCH (-8%), MRK (-8%), and many others. The total value of liquidated positions has skyrocketed to more than $320 million on a daily scale, with over 85,000 traders wrecked within the same timeframe. 😔

So, keep your eyes on the charts and stay tuned for more updates! 📉👀