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Altcoins Bleed, Bitcoin Crashes as Total Crypto Market Cap Erases Another $150 Billion: Market Watch

Altcoins Bleed, Bitcoin Crashes as Total Crypto Market Cap Erases Another $150 Billion: Market Watch


Some of the biggest losers today include NEAR, TON, and ADA.

Bitcoin just can’t catch a break these days as another leg down pushed it south to well below $62,000 earlier today, and the subsequent recovery attempt was halted in its tracks.

The altcoins have bled out again, heavily, and the total crypto market cap has plunged toward $2.250 trillion.

BTC Sees New 4-Month Low

Although bitcoin’s troubles began at the end of May, they actually intensified substantially as the new month began. In fact, the asset stood above $73,000 on June 1, but the bears were quick to resume control of the market and initiate several consecutive leg downs.

As reported earlier this week,…

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