Bitcoin Sinks Under $61,000 as Crypto Falls Alongside Oil

1 month ago 10

Rommie Analytics

Key Takeaways

  • Bitcoin broke below $61,000, dragging total crypto market cap to $2.08 trillion.
  • Weekly losses outpace 24-hour moves, marking a multi-day selloff, not a one-day shock.
  • XRP and HYPE led the declines, down over 10% and 15% on the week.
  • Crypto is falling even as oil drops on easing US-Iran tension, an unusual divergence.

The move was alongside the whole market down with it: total crypto market cap sits at $2.08 trillion after shedding $55.2 billion since midnight UTC, on $433.3 billion in volume.

total crypto market cap chart with 50,100,200 SMA, source- tradingview, analyzed by coindoo.com team Read Entire Article