Bitcoin falls below $66,000 level ahead of Federal Reserve officials’ speeches
cryptocurrency market cap dropped by 2.03% to around $2.36 trillion in the last 24 hours.
As of 11:45 a.m., Bitcoin was down 0.8% at $65,701, while Ethereum fell below the $3,450 level.
«The crypto market witnessed heavy liquidations recently primarily due to the hawkish stance by the US Fed. We can expect the market volatility to continue owing to uncertain macroeconomic factors,» said Shivam Thakral, CEO of BuyUcoin.
Vikram Subburaj, CEO of Giottus, added, «Bitcoin has dropped below $66,000, wiping out its weekly gains. BTC’s price action points to a further decline in the short term, with critical support at $63,000. Altcoins will continue to bleed against Bitcoin if this trend continues.»
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View Details»Other altcoins and meme coins also declined: BNB (1.5%), Solana (4.8%), Toncoin (5.4%), Dogecoin (7.5%), Cardano (6.4%), and Shiba Inu (9%).
The volume of all stablecoins is now $89.84 billion, which is 92.87% of the total crypto market 24-hour volume, according to CoinMarketCap.
In the last 24 hours, the market cap of Bitcoin, the world's largest
