It’s been a tough week, and there are no two ways around it. The total cryptocurrency market capitalization declined by more than $70 billion as Bitcoin’s price dipped below $64K.
Now, Bitcoin is found trading at $64K, although it’s looking rather shaky. The liquidations are also spiraling up, meaning that a lot of futures traders are seeing their positions wiped off.The altcoin market is also suffering, especially when it comes to meme coins, but more on that later. Large-cap cryptocurrencies like BNB took a blow. It’s down 4% on the week, while Solana decreased by a more considerable 10%. TON is down 10.4%, while ADA dropped by 9.4%.
All in all, the crypto market is getting heated up, but unfortunately, it seems that the bears are in charge right now. Of course, that could all change in an instant, so it’s exciting to see how the next week will shape up.BTC: $64,230 | ETH: $3,510 | BNB: $585 MicroStrategy Buys Another Massive Batch of BTC, Worth Almost $800 Million.
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