Bitcoin Dumps Below $65K, Altcoins Bleed as Liquidations Surge

Bitcoin faced significant volatility yesterday, particularly overnight, plummeting to a new monthly low of $64,000. The altcoin market mirrored this movement, with many experiencing substantial losses, resulting in approximately 190,000 traders getting liquidated in a single day.After a relatively uneventful weekend spent hovering around $66,000, Monday began sluggishly.

However, Bitcoin gained momentum later in the day, briefly reaching a local high of just over $67,200 before bears seized control and triggered a significant price decline.

#Bitcoin #Cryptocurrency #MarketVolatility #Liquidations #Altcoins