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Crypto

Crypto Market Wipes Out $80 Billion as BTC Dumps to $63K

Guavy AI Editorial Team
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The crypto market experienced a significant downturn on Monday, with Bitcoin (BTC) plummeting to a multi-day low after being rejected at its peak.

Following weekend de-escalation on the war front, BTC surged to a multi-day high, only to drop by almost $3,000 within hours.

This violent rejection had a ripple effect across the market, with most altcoins joining the sell-off. Ethereum (ETH) slipped below $1,900 and HYPE suffered the largest losses among large-cap assets.

The crypto market volatility is underscored by this downturn, highlighting the risk of downside movements in these assets.

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