These altcoins fell the most as Bitcoin (BTC) fell below $60,000 (MarketWatch)

Bitcoin prices fell sharply again yesterday, falling below $60,000 for the first time in over a month.

Most altcoins are also currently in the red, with stocks such as SOL, DOGE, and TON selling off by more than 5-6%.

BTC’s Latest Plunge

It was less than a week ago on Friday that the major cryptocurrencies surpassed $70,000 and even challenged $71,000. But that didn't last long, as external factors such as statements from the US Federal Reserve and rising tensions between Iran and Israel caused a significant price decline.

It all started with a drop to $65,000 on Friday night. Bitcoin regained a few grand on Saturday before crashing later that night when Iran launched an attack against Israel. Assets decreased to $61,000.

It managed to regain some ground on Sunday and Monday, but that didn't last long and Bitcoin started losing value again. This culminated yesterday with the cryptocurrency plummeting below $60,000 for the first time since early March 2024.

Despite currently being more than $1,500 above its lows, BTC is still down 3% since the day and is barely above $61,000. Its market capitalization has fallen to $1.21 trillion, but its control over alternatives remains at 51.5%.

Alternative turns red again

Altcoins followed suit, dropping in price over the past 24 hours. Ethereum, for example, fell from over $3,100 to below $3,000 and is currently struggling as well. Except for his BNB, which is slightly green, the rest of the ortho is deep red.

This trend is led by Dogecoin, which has plummeted by more than 8%. This is followed by Toncoin (-6.5%) and Solana (-5%), followed by ADA, AVAX, SHIB, TRX, and LINK.

Further losses are evident from WIF (-10%), TAO (-7.5%), OKB (-7.5%), etc.

The market capitalization of cryptocurrencies fell by $60 billion overnight to $2.35 trillion.