{"id":137609,"date":"2026-02-24T09:59:14","date_gmt":"2026-02-24T09:59:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=137609"},"modified":"2026-02-24T09:59:14","modified_gmt":"2026-02-24T09:59:14","slug":"150-billion-gone-from-crypto-markets-as-bitcoin-btc-dips-below-63k-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=137609","title":{"rendered":"$150 Billion Gone From Crypto Markets as Bitcoin (BTC) Dips Below $63K: Market Watch"},"content":{"rendered":"

Bitcoin\u2019s price continues its underwhelming performance, dropping to another multi-week low of under $63,000 earlier today.<\/p>\n

The altcoins are bleeding out as well, with another day of multiple losses of more than 3%. Some, such as BCH, have dumped by over 10%.<\/p>\n

BTC Slides Again<\/h2>\n

BTC was rejected at over $70,000 at the beginning of the previous business week, and its bounce-off attempt was halted in its tracks. The following few days were less volatile, as the cryptocurrency remained sideways between $67,000 and $68,500. It slipped to $65,600 on Thursday, but quickly rebounded and stood close to $69,000 during the weekend.<\/p>\n

Despite the most recent developments on the tariff front, which included<\/a> a new global taxation after the US Supreme Court ruled against Trump, BTC remained relatively stable at first. However, it nosedived once the legacy futures markets opened late on Sunday.<\/p>\n

In just over an hour, it dumped<\/a> from $67,700 to $64,400, leaving millions in liquidations. It bounced off to $66,500 mid-day, but the bears resumed control of the market<\/a> and drove it south hard once again. Earlier today, the asset dipped below $63,000 for the first time since the February 6 crash, when it plunged to $60,000.<\/p>\n

It trades inches above that line now, with its market cap dumping to $1.260 trillion. Its dominance over the alts has also been hit hard and is below 56% on CG now.<\/p>\n

<\/a>BTCUSD Feb 24. Source: TradingView<\/p>\n

Alts Tumble<\/h2>\n

Ethereum continues to lose value rapidly as well, dumping by 5% daily to just over $1,800. XRP is down by 4.5% and struggles to remain above $1.30. BNB, SOL, and TRX have marked similar losses, while DOGE, ADA, and HYPE have plunged by over 5%.<\/p>\n

Bitcoin Cash has dropped the most from the larger caps. The asset has shed over 11% of value and now sits below $485. ZEC, RAIN, UNI, SUI, WLFI, and many others are deep in the red as well.<\/p>\n

In contrast, PIPPIN continues to chart gains, surging to a new all-time high of $0.80 after another 11.5% daily jump.<\/p>\n

The total crypto market cap, though, has lost more than $150 billion since Sunday and is down to $2.260 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview Feb 24. Source: QuantifyCrypto<\/p>\n

\u00a0<\/p>\n

The post $150 Billion Gone From Crypto Markets as Bitcoin (BTC) Dips Below $63K: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price continues its underwhelming performance, dropping to another multi-week low of under $63,000 earlier today. The altcoins are bleeding out as well, with another day of multiple losses of more than 3%. Some, such as BCH, have dumped by over 10%. BTC Slides Again BTC was rejected at over $70,000 at the beginning of […]<\/p>\n","protected":false},"author":0,"featured_media":137610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-137609","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\/137609"}],"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=137609"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/137609\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/137610"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=137609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=137609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=137609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}