Ether Plunges 17%, Dogecoin Drops 22% in Weeklong Market Dive!

Bitcoin Tumbles Below $61,000, Losing 8% in 24 Hours: Largest Drop Since FTX Crash! Crypto Market Wipes Out $400 Billion Since Weekly Peak

In a startling turn, Bitcoin’s value plummeted below $61,000 on Wednesday morning, marking an 8% decline in the past 24 hours from its recent weekly high. This sharp drop represents the largest single-day slide since the collapse of FTX in November 2022. The broader crypto market echoed this downturn, shedding a staggering $400 billion in value since Bitcoin’s peak, as reported by CoinMarketCap.

The past week has been turbulent for Bitcoin, with its value falling more than 13% from its record-breaking high of $73,737 on March 14, 2024. Ether, the second-largest cryptocurrency by market cap, also took a hit with a nearly 17% decrease over the same period. Adding to the mix, Cardano and Dogecoin experienced notable drops of 20% and 22%, respectively, within the week.