Cryptocurrency market loses $60 billion overnight as Bitcoin price falls towards $64,000 (MarketWatch)

Bitcoin's price rise has stalled above $66,000, with the asset down roughly two grand in the past few hours.

Interestingly, quite a number of altcoins have registered small gains over the past day, including XRP, SUI, and UNI.

BTC falls towards $64,000

Last Monday started out differently for Bitcoin, with Bitcoin assets soaring from less than $63,000 to nearly $65,000, facing significant pressure and failing to double. The bears reversed their trajectory and pushed south to their starting point.

Another similar scenario was repeated on Wednesday and Thursday with the same price increases and corrections. However, the bulls stepped on the gas here and began a massive rally on Friday, pushing BTC to $66,000.

After a slight retrace, the asset went on the offensive again, surging to a two-month high of $66,500 (on Bitstamp). Although the gains could not be sustained over the weekend, they mostly exceeded $65,000 and then $66,000.

Nevertheless, it fell sharply in Monday morning Asian trading, dropping about 2 grand to $64,200. It remains at that level today, with its market capitalization dropping to $1.27 trillion. Its advantage over alternatives also took a hit, falling 0.4% on the day to 53.5%.

XRP gains continue

Ripple’s native token was yesterday’s top performer, but it has only doubled in the past 24 hours. XRP surged another 4% before breaking above $0.65.

Toncoin, Solana, Tron, Avalanche, and Bitcoin Cash have slightly more gains than large-cap alts, while ETH, BNB, DOGE, ADA, SHIB, and LINK lose up to 4% for memes are being accounted for. coin.

TAO and SUI emerge as the top performers for mid-caps, followed by APT, RNDR, and XLM.

Still, the market capitalization of cryptocurrencies fell by $60 billion from its weekend peak to $2.37 trillion in CG.