\n\t\t\t\t\t\t\t\t\tSome of the biggest losers today include NEAR, TON, and ADA.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
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 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 \u00a0<\/p>\nAlts Still Very Red<\/h2>\n
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