{"id":174704,"date":"2026-06-04T09:53:04","date_gmt":"2026-06-04T09:53:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=174704"},"modified":"2026-06-04T09:53:04","modified_gmt":"2026-06-04T09:53:04","slug":"altcoins-bleed-bitcoin-crashes-as-total-crypto-market-cap-erases-another-150-billion-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=174704","title":{"rendered":"Altcoins Bleed, Bitcoin Crashes as Total Crypto Market Cap Erases Another $150 Billion: Market Watch"},"content":{"rendered":"

Bitcoin just can\u2019t catch a break these days as another leg down pushed it south to well below $62,000 earlier today, and the subsequent recovery attempt was halted in its tracks.<\/p>\n

The altcoins have bled out again, heavily, and the total crypto market cap has plunged toward $2.250 trillion.<\/p>\n

BTC Sees New 4-Month Low<\/h2>\n

Although bitcoin\u2019s troubles began at the end of May, they actually intensified substantially as the new month began. In fact, the asset stood above $73,000 on June 1, but the bears were quick to resume control of the market and initiate several consecutive leg downs.<\/p>\n

As reported earlier this week, BTC first lost the $70,000 support level, but that was just the beginning. It kept dropping in value and slipped<\/a> below $66,000 yesterday. After a brief but unsuccessful bounce to $67,000, the cryptocurrency went downhill again and dumped to just over $61,000 earlier today for the first time since the February crash.<\/p>\n

After leaving more than $1.6 billion in liquidations<\/a> across the entire market, BTC rebounded slightly to $64,000, where it faced another rejection. As of press time, the asset trades below $63,000, showing a 14% decline on a weekly scale.<\/p>\n

Its market cap has tumbled to $1.260 trillion on CG, and its dominance over the alts is down by over 2% in the past week to 55.6%.<\/p>\n

<\/a>BTCUSD June 4. Source: TradingView<\/p>\n

Alts Still Very Red<\/h2>\n

The altcoins are in no better shape today. In fact, most have charted even more profound declines. Ethereum is down to $1,750, hitting<\/a> a 14-month low earlier today. SOL has plunged below $70 after a 9% daily decline. XRP dropped<\/a> below $1.15 earlier today before rebounding very slightly.<\/p>\n

ADA slumped below $0.19 for the first time in years. BNB is below $600 after a 7% decline. ZEC, DOGE, LINK, AVAX, and many others are deep in the red as well. WLD is among the few exceptions with a notable 11% surge during this time of distress.<\/p>\n

NEAR, TON, and RENDER have dumped the most, losing up to 18% of value daily.<\/p>\n

The total crypto market cap has erased another $140 billion in just a day and is below $2.270 trillion as of press time.<\/p>\n

<\/a>Cryptocurrency Market Overview June 4. Source: QuantifyCrypto<\/p>\n

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The post Altcoins Bleed, Bitcoin Crashes as Total Crypto Market Cap Erases Another $150 Billion: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin just can\u2019t catch a break these days as another leg down pushed it south to well below $62,000 earlier today, and the subsequent recovery attempt was halted in its tracks. The altcoins have bled out again, heavily, and the total crypto market cap has plunged toward $2.250 trillion. BTC Sees New 4-Month Low Although […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-174704","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/174704"}],"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=174704"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/174704\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=174704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=174704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=174704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}