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Crypto

BTC Tumbles Below $63K Amid Fading Relief Rally

Guavy AI Editorial Team
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BTC ETH XRP
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Crypto market sentiment took a turn for the worse on Monday as Bitcoin (BTC) plummeted below $63,000. This marks its second dip to this level in just days.

The brief Sunday relief rally had failed to sustain itself, with BTC now trading at around $62,200. The larger-cap altcoins have joined in the sell-off, with Ethereum (ETH) falling under $1,850 and XRP approaching a key support level.

This renewed short-term bearish pressure on the crypto market is likely to be concerning for investors, who had been hoping for a sustained rally.

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