\n\t\t\t\t\t\t\t\t\tRoughly $80 billion left the space during the Tuesday morning crash.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Bitcoin\u2019s Monday rally that drove it to $65,600 on a couple of occasions has come to a screeching halt, as the asset has not only erased all gains but plummeted even more to a ten-day low.<\/p>\n
Most altcoins have followed suit, which has skyrocketed the daily liquidations to approximately $700 million.<\/p>\n The chart above paints a clear and painful picture. BTC had maintained $64,000 over the weekend before it jumped to a multi-day peak of $65,600 on Monday. It tried to take down that resistance twice, but it was stopped each time.<\/p>\n The second rejection was quite violent as it drove the asset south by nearly $3,000 in hours. Thus, BTC plummeted to $63,000 for the first time since July 17.<\/p>\n Popular analyst CRYPTOWZRD weighed in<\/a> on the latest move south, indicating that the largest digital asset had closed bearish. They believe it\u2019s essential for BTC to remain above the currently tested support at $63,000; otherwise, it could slump to new local lows.<\/p>\n ETH was yesterday\u2019s top gainer, surging to a two-month peak<\/a> of $1,980. However, it has lost $100 since then and now sits well below $1,900. XRP has dumped by 4.5% to $1.06, thus slipping below the coveted $1.10 support. SOL is down by a similar percentage, while HYPE has plummeted by 6%.<\/p>\n Expectedly, this big market move has harmed over-leveraged traders, as more than 165,000 such participants have been wrecked in the past 24 hours. The total value of liquidated positions has risen to almost $700 million on a daily scale. Naturally, BTC and ETH lead the pack.<\/p>\n This morning\u2019s market crash comes just a day before the US Federal Reserve is scheduled to announce its interest rate decision, and the uncertainty around a potential hike has harmed risk-on assets like crypto.<\/p>\nYou may also like:<\/h3>\n
![\"Liquidation](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/07\/BTCUSD-July-28.png\")
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