Ripple (XRP) drops 5% daily, Bitcoin (BTC) drops to $67K: Market Watch

M, HASH and ZEC have fallen the most in the past 24 hours.

Most altcoins are also in the red, with ETH losing the $2,000 support again. XRP is among the worst performers among the larger caps.

BTC dropped to $67,000

Although the primary cryptocurrency immediately recovered on February 6 when it fell to a 15-month low of $60,000 to $72,000, it has not been able to stage a deeper recovery since. On the contrary, it was rejected several times at the $71,000-$72,000 resistance, with the latest example occurring last weekend.

At the time, BTC jumped to $71,000 and was on the verge of breaking above. However, the bears quickly intercepted this move and pushed the price to $67,000 on Tuesday. The unfavorable price movements continued yesterday, with Bitcoin falling below $66,000 for the first time since last Friday.

It managed to recover from the weekly low and now stands at $67,000. However, this still means it is down over 1.5% on the day. The market cap has fallen below $1.340 trillion, while CG alt dominance remains below 56.5%.

Alt’s back in red

Almost all altcoins are in the red again today. Ethereum’s venture above $2,000 was once again short-lived, and at the time of writing the asset is back below $2,000. XRP and SOL have fallen the most against the larger caps, with losses of almost 5%. As a result, XRP is trading inches above $1.40, while SOL has fallen to $82.

DOGE, ADA, BNB, LINK and CC are also in the red by up to 4%, while ZEC is down 8.5% to $260. Further losses are evident in M ​​and Hash, both of which have been dumped by more than 10%.

The total cryptocurrency market cap has wiped out another $50 billion daily, falling to $2.370 trillion on CG.