"Crypto Market Plunge: Bitcoin and Ethereum Prices Tumble, Investors Brace for Volatility"
TL;DR Summary
The cryptocurrency market has seen a significant sell-off, with bitcoin dropping below $61,000 after hitting an all-time high last week. The sell-off has also affected other digital assets like ether and Solana, with the total market value shedding $400 billion. Factors contributing to the decline include profit-taking, outflows from bitcoin ETFs, and concerns about high fees. Analysts suggest that if bitcoin falls below $60,000, it could weaken further, potentially testing the $50,000 to $52,000 level.
- Crypto market sheds $400 billion of value as bitcoin sell-off intensifies after all-time high CNBC
- Bitcoin (BTC) Price Plunged Below $61K but Market Recovery Signs Appear (Market Watch) CryptoPotato
- $300 Billion Crypto Price Crash Suddenly Accelerates As Bitcoin, Ethereum And XRP Traders Brace For A Fed Shock Forbes
- Ethereum price drops 20% in a week, but investors are still bullish Cointelegraph
- Bitcoin could ‘easily’ fall back under $60,000. Here’s why it’s under pressure. MarketWatch
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