NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal

Cryptocurrency Market Drains $50B As Bitcoin Touches Weekly Lows

Denis
Denis
1 year ago
2 mins read
Cryptocurrency Market Drains $50B As Bitcoin Touches Weekly Lows

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin price is falling again after it started making a positive turn at the beginning of July. The entrance into the second half of 2022 seemed to revive most cryptocurrencies. There was a sudden rise in value for several tokens, with the world’s largest crypto asset almost taking the lead.

Bitcoin hit the $25,000 level within the past few weeks, but such performance is not sustainable. On consecutive days this week, BTC lost hundreds of dollars in value as the price crawls back to around $23,000.

The broader market is struggling through the downward path as many altcoins are dipping. The cumulative market cap lost up to $50 billion through the price drop from digital assets.

Related Reading: Dogecoin Jumps 15% In 24 Hours As DOGE Overcomes Critical Level

During last week, BTC dipped to the $22,000 mark. Then, it suddenly regained the momentum to cross the $25,000 level. Finally, Bitcoin even traded above $25,200, which stood as its highest price for over two months.

While the price couldn’t make a further upward move, it stalled on the level for several trading hours. But it later dipped to $24,000 after losing $1,000. After that, the BTC price swiveled around within the level and later gained slightly to move to $24.400. It’s at this point that the bears take over.

BTC gradually dropped till it lost $1,000 again to hit its weekly low of $23,000. At the time of writing, Bitcoin has lost some value in its market cap, which is now $450 billion. Also, the token is trading slightly above the $23,000 mark.

Cryptocurrency Market Drains $50B As Bitcoin Touches Weekly Lows
Bitcoin currently trades below $23,400 on the daily candle l Source: BTCUSDT on TradingView.com

Altcoins Also Dropped Following Bitcoin

Bitcoin is not the only cryptocurrency in deep. Some major altcoins have plunged as well. Though the weekend was a bit of an impressive price rallying for some of the altcoins, they are already in red as the week rolls by.

The second largest cryptocurrency, Ethereum, lost about $200 after reaching as high as $2,050. The previous multi-month high was due to positive sentiment surrounding its upcoming upgrade, the Merge. ETH is trading at around $1,850 after dipping by more than 2% in the last 24 hours.

Cryptocurrency Market Drains $50B As Bitcoin Touches Weekly Lows
Cryptocurrency Market Overview. Source: Quantify Crypto

Other coins such as Ripple, Binance Coin, Polkadot, Dogecoin, Polygon, and Cardano have their share of losses. However, data for the more prominent capped altcoins indicates that Solana, Avalanche, and Shiba Inu are on the top as losers. Within 24 hours, they lost about 6% or more in their prices.

Related Reading: Polygon Seen Breaching $1 This Week – Can MATIC Start An Uptrend?

The trend is not different for the mid-cap and lower-cap altcoins as they also had huge losses. The overall effect has pushed the crypto market cap to lose up to $50 billion. The data is currently standing at $1.1 trillion as the cumulative value.

Featured image from Pixabay, Chart from TradingView.com
Tweet123Share196ShareSend
Denis
Denis

Denis

Denis is a passionate writer and editor and he's been writing in finance industry for almost 6 years.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Dogecoin

Dogecoin Sheds 25% As $57M Flees Market — Can The Memecoin Recover?

Dogecoin fell sharply on Tuesday, losing a quarter of its value and retreating to the $0.19 mark after a recent...

Christian Encila 3 hours ago
Bitcoin Price Under Pressure

Bitcoin Price Under Pressure – Charts Turn Bearish As Bulls Lose Control

Bitcoin price corrected losses and traded above the $115,000 level. BTC is now struggling and might start another decline below...

Aayush Jindal 4 hours ago

DeepSeek AI最新預測:點名Solana、XRP、Chainlink與Bitcoin Hyper成年底翻倍焦點

隨著加密市場的回暖與機構資金重回主流,DeepSeek AI最新發布的投資組合報告成為市場關注焦點。該人工智慧模型在對2025年加密資產的市場結構、交易量與資金流向進行全面分析後,選出四個具備年底前翻...

Mark Mak 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

What’s Driving The Drop? Bitcoin, Ethereum, And XRP Struggle Amid Market Uncertainty

Ronaldo Marquez 33 minutes ago
Bitcoin

Bitcoin Crash Unlike LUNA & FTX Collapses, Says Glassnode: Here’s Why

Keshav Verma 1 hour ago
Ethereum

Ethereum’s Technical Reset: $3,800 Support May Ignite The Next Wave Upward

Godspower Owie 2 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:クジラの買い集めで1ドル目標が再び注目される

    ドージコイン...

    15 hours ago
  • リップル 今後:SEC申請が示すETF承認間近の兆し、XRPが1,000ドルを目指す瞬間か

    リップル...

    15 hours ago
  • 仮想通貨プレセール最終週:新興トークンが上場前に100倍高騰の予測

    ...

    16 hours ago
  • 新しい仮想通貨が350万ドルを調達、専門家が「2025年最高のプレセール」と評価

    ...

    16 hours ago
  • 新しい仮想通貨が急上昇:トランプ・トークンが注目され、次世代ミームプロジェクトが4百万ドル目前

    ...

    16 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.