{"id":2481,"date":"2024-06-08T07:02:57","date_gmt":"2024-06-08T07:02:57","guid":{"rendered":"https:\/\/cryptd.in\/crypto-markets-lost-80-billion-in-hours-as-bitcoin-btc-dumped-below-69k-weekend-watch\/"},"modified":"2024-06-08T07:02:57","modified_gmt":"2024-06-08T07:02:57","slug":"crypto-markets-lost-80-billion-in-hours-as-bitcoin-btc-dumped-below-69k-weekend-watch","status":"publish","type":"post","link":"https:\/\/cryptd.in\/bg\/crypto-markets-lost-80-billion-in-hours-as-bitcoin-btc-dumped-below-69k-weekend-watch\/","title":{"rendered":"Crypto Markets Lost $80 Billion in Hours as Bitcoin (BTC) Dumped Below $69K (Weekend Watch)"},"content":{"rendered":"<p>History doesn\u2019t rhyme but tends to repeat itself, which is something that has been happening in the crypto industry in the past few weeks.<\/p>\n<p>In this case, bitcoin and the rest of the market dropped hard on Friday evening, similar to the events from the previous one.<\/p>\n<h2>BTC\u2019s Friday Drop<\/h2>\n<p>It was last Friday when the primary cryptocurrency tested $69,000 but failed and the subsequent rejection pushed it south by over two grand. The weekend was quite uneventful as the asset had reclaimed some ground and stood around $67,500.<\/p>\n<p>More gains came on Monday as BTC briefly exceeded $70,000. Despite failing there at first, it bounced off and soared past that line on Tuesday. In fact, it <a href=\"https:\/\/cryptopotato.com\/injective-inj-jumps-by-12-daily-to-30-bitcoin-btc-calms-at-71k-market-watch\/\">stood above it<\/a> for several consecutive days and even painted a multi-week peak of $72,000 on Friday.<\/p>\n<p>Yet, as mentioned above, the Friday scenario repeated, and bitcoin was stopped at the $72,000 level. The bears drove it south hard, and the cryptocurrency <a href=\"https:\/\/cryptopotato.com\/bitcoin-suddenly-plummets-below-70k-as-total-liquidations-near-200m\/\">dumped<\/a> to a multi-day low of $68,500. It has recovered some ground and now stands above $69,000, but it\u2019s still 2.7% down on the day.<\/p>\n<p>BTC\u2019s market capitalization has dumped to $1.366 trillion, but its dominance over the alts has risen to 50.8% as they have suffered even more.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/06\/BTCUSD-8.png\"><\/a>Bitcoin\/Price\/Chart 08.06.2024. Source: TradingView<\/p>\n<h2>Alts See Red<\/h2>\n<p>As hinted above, the landscape with the altcoins is in a worse state. Ethereum has dropped by 3.5% and sits below $3,700, BNB went from over $710 to under $690, while SOL has plummeted by almost 6%.<\/p>\n<p>Even more losses come from the likes of Dogecoin (-8.5%), Avalanche (-7%), Chainlink (-7%), Polkadot (-8%), NEAR (-8%), UNI (-7%), and MATIC (-8%).<\/p>\n<p>FIL is the only notable gainer, while WIF, ARB, and FET have dumped by double digits.<\/p>\n<p>The cumulative market cap of all crypto assets has seen more than $80 billion gone from yesterday\u2019s peak. As such, the metric has dropped to under $2.7 trillion on CG.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/06\/Screenshot-2024-06-08-095558.png\"><\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n<p>\u041f\u0443\u0431\u043b\u0438\u043a\u0430\u0446\u0438\u044f\u0442\u0430 <a href=\"https:\/\/cryptopotato.com\/crypto-markets-lost-80-billion-in-hours-as-bitcoin-btc-dumped-below-69k-weekend-watch\/\">Crypto Markets Lost $80 Billion in Hours as Bitcoin (BTC) Dumped Below $69K (Weekend Watch)<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>History doesn\u2019t rhyme but tends to repeat itself, which is something that has been happening in the crypto industry in the past few weeks. In this case, bitcoin and the rest of the market dropped hard on Friday evening, similar to the events from the previous one. BTC\u2019s Friday Drop It was last Friday when [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2481","post","type-post","status-publish","format-standard","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crypto Markets Lost $80 Billion in Hours as Bitcoin (BTC) Dumped Below $69K (Weekend Watch) - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/bg\/crypto-markets-lost-80-billion-in-hours-as-bitcoin-btc-dumped-below-69k-weekend-watch\/\" \/>\n<meta property=\"og:locale\" content=\"bg_BG\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Markets Lost $80 Billion in Hours as Bitcoin (BTC) Dumped Below $69K (Weekend Watch) - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"History doesn\u2019t rhyme but tends to repeat itself, which is something that has been happening in the crypto industry in the past few weeks. 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BTC\u2019s Friday Drop It was last Friday when [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/bg\/crypto-markets-lost-80-billion-in-hours-as-bitcoin-btc-dumped-below-69k-weekend-watch\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-08T07:02:57+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 \u043c\u0438\u043d\u0443\u0442\u0438\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/crypto-markets-lost-80-billion-in-hours-as-bitcoin-btc-dumped-below-69k-weekend-watch\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/crypto-markets-lost-80-billion-in-hours-as-bitcoin-btc-dumped-below-69k-weekend-watch\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Crypto Markets Lost $80 Billion in Hours as Bitcoin (BTC) Dumped Below $69K (Weekend Watch)\",\"datePublished\":\"2024-06-08T07:02:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/crypto-markets-lost-80-billion-in-hours-as-bitcoin-btc-dumped-below-69k-weekend-watch\\\/\"},\"wordCount\":349,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"articleSection\":[\"Feeds\"],\"inLanguage\":\"bg-BG\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/crypto-markets-lost-80-billion-in-hours-as-bitcoin-btc-dumped-below-69k-weekend-watch\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/crypto-markets-lost-80-billion-in-hours-as-bitcoin-btc-dumped-below-69k-weekend-watch\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/crypto-markets-lost-80-billion-in-hours-as-bitcoin-btc-dumped-below-69k-weekend-watch\\\/\",\"name\":\"Crypto Markets Lost $80 Billion in Hours as Bitcoin (BTC) Dumped Below $69K (Weekend Watch) - 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