{"id":80867,"date":"2025-07-15T10:21:00","date_gmt":"2025-07-15T10:21:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=80867"},"modified":"2025-07-15T10:21:00","modified_gmt":"2025-07-15T10:21:00","slug":"150-billion-wiped-out-from-crypto-markets-as-bitcoin-drops-below-117k-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=80867","title":{"rendered":"$150 Billion Wiped Out From Crypto Markets as Bitcoin Drops Below $117K: Market Watch"},"content":{"rendered":"

After several consecutive days of almost constant gains and a $15,000 run higher, bitcoin has finally started to correct and has dropped by over six grand since yesterday\u2019s all-time high.<\/p>\n

The altcoins have followed suit, with substantial price declines from the likes of DOGE, BCH, SOL, SHIB, CRO, APT, and many others.<\/p>\n

BTC Slips Below $117K<\/h2>\n

What a week it has been in the cryptocurrency world. Less than seven days ago, bitcoin\u2019s price was stuck between $105,000 and $110,000 with little to no fluctuations and a lack of a clear future direction. However, the landscape quickly changed on Wednesday evening when BTC pumped above the upper boundary and tapped a new all-time high at $112,000.<\/p>\n

The gains continued in the following couple of days, and BTC peaked at almost $119,000 on Friday. The weekend went mostly quietly, with BTC standing a few grand below its record.<\/p>\n

The bulls went back on the offensive on Sunday evening and especially on Monday, when it surged past $120,000 and tapped a new ATH at just over $123,000<\/a>. This meant that the cryptocurrency had added roughly $15,000 in about five days, and here are some of the possible reasons<\/a> behind that impressive run.<\/p>\n

However, some warning signs<\/a> started to appear. Additionally, Trump gave Russia a 50-day deadline to reach a peace deal with Ukraine, and BTC began losing<\/a> traction.<\/p>\n

Earlier today, the asset fell below $117,000 and has remained there ever since. Its market cap has retreated to $2.320 trillion on CG, and its dominance over the alts is at 62.1%.<\/p>\n

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

Alts in Retreat<\/h2>\n

Many altcoins experienced exponential gains over the past few days but have slipped on a daily scale. Dogecoin is among the poorest performers since yesterday, having lost almost 7% and trading close to $0.19. However, that could actually be good news<\/a> for the largest meme coin.<\/p>\n

BNB, SOL, HYPE, BCH, SHIB, LINK, and HBAR are also in the red with losses of up to 5.5%. ETH is below $3,000 after a 2% daily decline, while XRP has retreated to $2.9 following a similar decrease.<\/p>\n

The cumulative market cap of all crypto assets has dropped by roughly $150 billion since yesterday\u2019s peak to under $3.750 trillion on CG.<\/p>\n

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

The post $150 Billion Wiped Out From Crypto Markets as Bitcoin Drops Below $117K: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

After several consecutive days of almost constant gains and a $15,000 run higher, bitcoin has finally started to correct and has dropped by over six grand since yesterday\u2019s all-time high. The altcoins have followed suit, with substantial price declines from the likes of DOGE, BCH, SOL, SHIB, CRO, APT, and many others. BTC Slips Below […]<\/p>\n","protected":false},"author":0,"featured_media":80868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80867","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\/80867"}],"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=80867"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/80868"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}