• Home
  • About
  • Privacy Policy
  • Contact
  • News
  • Politics
  • Business
  • Technology
  • Health
  • Sports
  • Entertainment
  • Product Reviews
  • How To’s
No Result
View All Result
MondayNuggets
No Result
View All Result

Crypto Market Loses $200 Million as Bitcoin Drops to Monthly Low of $65,000

Monday Yakubu by Monday Yakubu
June 19, 2024
in Business
0

Bitcoin, Crypto Market Loses $200 Million as Bitcoin Drops to Monthly Low of $65,000

The cryptocurrency market suffered a significant blow as Bitcoin’s price fell to a monthly low of $65,000, resulting in $200 million in liquidations. This decline impacted over 75,000 traders and investors.

Despite a slight recovery to $66,000, the damage had already been done. Earlier in the week, Bitcoin surged to just over $70,000, close to its all-time high of $73,000 set in March. However, concerns over Consumer Price Index numbers and the Federal Open Market Committee (FOMC) meeting led to a drop to $66,000.

The FOMC decided not to cut interest rates, and the Consumer Price Index showed improvement over the previous month, temporarily boosting Bitcoin back to $70,000. However, the price quickly fell again to $67,000 and then to the monthly low of $65,000 on Friday evening. Over the last seven days, Bitcoin has decreased by 4.0%.

This drop not only affected Bitcoin but also dragged down other cryptocurrencies. Solana declined by 3% to $143, while DOGE and SHIB dropped nearly 5%. AVAX, DOT, and ADA saw declines of around 2-4%.

Despite the general downturn, a few altcoins bucked the trend. Ton grew by 3% to over $8, and UNI increased by 3.5% to around $11. However, NEAR, FIL, FET, and AR experienced significant losses over the weekend. This highlights Bitcoin’s pivotal role in the cryptocurrency market. 

Tags: BitcoinCryptoMarket

Related Posts

Business

Five Banks Reach CBN Recapitalisation Target Before Deadline

July 7, 2025
Business

Petrol Marketers Refuse to Cut Prices Despite Dangote’s Reduction

July 2, 2025
Business

Nigerians Earning Below N250,000 Monthly Will Not Pay Income Tax – Oyedele

June 27, 2025
Business

Telegram CEO Durov to Share $17 Billion Fortune with 106 Children

June 20, 2025
Business

Dangote Refinery to Export First Petrol Cargo to Asia

June 19, 2025
Business

Oshiomhole Accuses Air Peace of Racketeering

June 12, 2025
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mondaynuggets

© 2024 MondayNuggets.

The best sites to buy Instagram followers in 2024 are easily Smmsav.com and Followersav.com. Betcasinoscript.com is Best sites Buy certified Online Casino Script. buy instagram followers buy instagram followers Online Casino

Navigate Site

  • News
  • Politics
  • Business
  • Technology
  • Health
  • Sports
  • Entertainment
  • Product Reviews
  • How To’s

Connect With Us on Social Media

No Result
View All Result
  • News
  • Politics
  • Business
  • Technology
  • Health
  • Sports
  • Entertainment
  • Product Reviews
  • How To’s

© 2024 MondayNuggets.