The post Bitcoin Slides Toward $60K as Altcoins Bleed Out (Weekend Watch) appeared on BitcoinEthereumNews.com.

The cryptocurrency markets are declining today on relatively low trading volumes. Bitcoin is sliding toward $60K, and the majority of altcoins are slowly bleeding out. The total capitalization is down to $2.37 trillion. Bitcoin Price Slides Toward $60K Bitcoin’s price is trading at a 1.3% decrease over the past 24 hours, bringing up its total losses to about 6% for the week. At the time of this writing, the leading cryptocurrency is sliding toward $60K as the trading volume across the board is relatively low. Source: TradingView The last 24 hours saw a total of $100 million worth of liquidations with BTC leading (as almost always) with $37M. Altcoins Are Bleeding Out Many of the large-cap altcoins are also charting small declines. For example, ETH is down 1.8% on the day, BNB – 1.6%, SOL – 2.5%, TON – 1.7%, and so forth. Others are down more considerably, like UNI, which declined by 6%. Source: Quantify Crypto Meme coins – an interesting category in the cryptocurrency market – have also charted similar losses. The cohort, as a whole, is down over 3% in the past 24 hours, with DOGE and SHIB declining by 1.3%. PEPE dropped by 5.2%, while BON dropped by 3%. In general, the worst performer of today is Lido’s LDO governance token, which lost 15%. Ethena’s ENA is down 9.2%, trailed by Starknet’s STRK, which is down 6.4%. On the other end of the spectrum, the best performer is Quant’s QNT token, which soared by 10% on the day. Arweave’s AR is the second best, with a 4% increase. That said, the trading volumes across the board are down to about $67 billion during the past day, which is to be expected, given it’s the weekend. However, it’s interesting to see how this relatively tight range will…

---

Filed under: News - @ June 29, 2024 2:08 pm