{"id":10339,"date":"2024-09-30T08:44:28","date_gmt":"2024-09-30T08:44:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=10339"},"modified":"2024-09-30T08:44:28","modified_gmt":"2024-09-30T08:44:28","slug":"crypto-markets-shed-60-billion-overnight-as-bitcoin-price-drops-toward-64k-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=10339","title":{"rendered":"Crypto Markets Shed $60 Billion Overnight as Bitcoin Price Drops Toward $64K (Market Watch)"},"content":{"rendered":"

Bitcoin\u2019s price ascent was stopped at over $66,000, and the asset fell by roughly two grand in the past several hours.<\/p>\n

Interestingly, quite a few of the altcoins have registered minor gains over the past day, such as XRP, SUI, and UNI.<\/p>\n

BTC Falls Toward $64K<\/h2>\n

Last Monday started in a different manner for bitcoin as the asset jumped from under $63,000 to almost $65,000, facing significant pressure and failing to double down. The bears reversed its trajectory and pushed it south to its starting point.<\/p>\n

Another similar scenario was repeated on Wednesday and Thursday with identical price increases and corrections. However, this is where the bulls stepped up on the gas and initiated<\/a> a massive leg-up on Friday that drove BTC to $66,000.<\/p>\n

After a slight retracement there, the asset went on the offensive once again and jumped to a two-month peak of $66,500 (on Bitstamp). Although it couldn\u2019t maintain its run during the weekend, it stood primarily<\/a> above $65,000 and even $66,000.<\/p>\n

Nevertheless, it fell<\/a> hard during the Monday morning Asian trading session, dumping by roughly two grand in a fall to $64,200. It stands at that level now as well, with its market cap dropping to $1.270 trillion. Its dominance over the alts has also taken a hit and is down by 0.4% in a day to 53.5%.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 30.09.2024. Source: TradingView<\/p>\n

XRP\u2019s Gains Continue<\/h2>\n

Ripple\u2019s native token was yesterday\u2019s top performer, and it has only doubled down in the past 24 hours. XRP has tapped $0.65 after another 4% surge.<\/p>\n

Toncoin, Solana, Tron, Avalanche, and Bitcoin Cash are slightly in the green from the larger-cap alts, while ETH, BNB, DOGE, ADA, SHIB, and LINK have posted losses of up to 4% in the case of the meme coins.<\/p>\n

TAO and SUI have emerged as the top performers from the mid-caps, followed by APT, RNDR, and XLM.<\/p>\n

Still, the total crypto market cap is down by $70 billion since the weekend peak to $2.370 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post Crypto Markets Shed $60 Billion Overnight as Bitcoin Price Drops Toward $64K (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price ascent was stopped at over $66,000, and the asset fell by roughly two grand in the past several hours. Interestingly, quite a few of the altcoins have registered minor gains over the past day, such as XRP, SUI, and UNI. BTC Falls Toward $64K Last Monday started in a different manner for bitcoin […]<\/p>\n","protected":false},"author":0,"featured_media":10340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/10339"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10339"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/10339\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/10340"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}