Bitcoin Dives Below $64K as Altcoin Market Suffers Amid Volatility

Bitcoin plummeted to just above $63,200 last week after a significant drop from over $65,000. The decline was largely attributed to Strategy's sale of 1,690 BTC.

This led to a broader market downturn, with major altcoins such as ADA and XRP experiencing substantial falls. However, Chainlink (LINK) and World Liberty Financial (WLFI) bucked the trend, posting double-digit gains due to positive forecasts and increased buying interest.

The overall crypto market cap decreased from nearly $3 trillion to $2.22 trillion, reflecting a cautious market sentiment amidst mixed news and ongoing volatility.