BTC got smacked down from that $64,000 spot amid rising Middle East drama, sliding straight under $61,000 in roughly 12 hours. 🖤 Altcoins took a sharper hit, XRP, SOL, and ADA all sliding past 5% while ZEC and HYPE plunged even steeper.
BTC Drops Again
Last week brought wild swings and heavy losses for the top coin. It opened near 73000 only to shred through critical supports, bottoming out hard on Friday. After breaking below 70000, 65000, and 62000, bitcoin tapped the 60000 threshold for the first time since early February. Bears held firm this round, driving it to a 19-month low at 59100.
Yet it bounced back fast, reclaiming that zone by close and pushing toward 61000 plus 62000 over the weekend before touching 64000 twice early this week. Tensions flared when Iran downed a US helicopter and retaliation talks surfaced, sending crypto (and stocks) tumbling. BTC sank right back under 61000 and now claws to hold it, market cap at 1.225 trillion with dominance dipping to 56%.
Alts Bleed Again
Ethereum slipped over 3% toward 1600, BNB fell to 585 in similar fashion, and DOGE landed at 0.084. XRP shed another 5% testing fresh support, SOL sat well below 65, and ADA kept grinding toward 0.16. HYPE and ZEC suffered worst with double-digit drops, landing at 56 and 425 respectively. Even heavier hits landed on SIREN at -37%, LAB at -16%, and DEXE at -15%. On the bright side BEAT surged 28%, WBT climbed 13%, and STABLE added 12%.
Total crypto market cap dropped over 60 billion in a day, now under 2.2 trillion.
Just another echo from the void by iconofsin.eth 💖
