Monday started off on the wrong foot for Bitcoin and the entire cryptocurrency market. Bitcoin fell from $64,000 to below $62,500 in a matter of hours. 😱 However, don't panic! Daily liquidations are still relatively low, only around $130 million. However, the number of traders said to have gone bankrupt exceeded 60,000. 😅

Last week was not a good one for Bitcoin. The weekly high briefly surpassed $67,000 on Tuesday, but the bears took control and began to push the price lower. 🐻

Monday morning's Asian trading session began with Bitcoin losing two thousand dollars in value, falling below $62,500 for the first time since May 15. However, Bitcoin rebounded on the day and, while still down 3%, is still down 6% from last week.

Altcoins are doing even worse, especially meme coin representatives. FLOKI, WIF, BRETT, PEPE and BONK lost more than 10% in value in the last day. 😢

Do you think Bitcoin will be able to recover from this decline? We are waiting your comments! 🚀👇