Crypto Markets Lose $80 Billion as Bitcoin (BTC) Dumps to $63K: Market Watch

After rallying on Monday to a multi-day peak following the weekend de-escalation on the war front, bitcoin was violently rejected and driven south by almost three grand in hours.

Most altcoins have joined the painful ride, including ETH, which has dropped below $1,900, and HYPE, which has lost the most value out of the larger caps.

BTC Rejected The primary cryptocurrency had a good run last week, in which it rocketed from $63,750 to a monthly peak of $67,000 in the span of 36 hours.

However, it couldn’t breach that line and dipped to $64,750 on Wednesday and all the way down to its starting point at $63,750 on Friday. The bulls intervened after this decline and helped it recover some ground to $64,000 during the weekend, when it finally calmed.