Bitcoin fell sharply below $65,000 in early Monday trading, erasing a calm weekend and dragging the broader cryptocurrency market down. The asset tumbled to a 17-day low near $64,300 after legacy futures markets opened. While Bitcoin has recovered slightly, altcoins like SOL, HYPE, and BCH saw significant losses in a widespread correction.
Bitcoin’s weekend calm ended with a steep decline as markets opened, sending the price below $64,500 for the first time in over two weeks. The asset later bounced back to above $66,000 but remains 2.5% down on the day, with its market cap at $1.325 trillion.
Most major altcoins followed Bitcoin downward in the market correction. Ethereum dropped from nearly $2,000 to $1,850 before recovering, while XRP, BNB, DOGE, ADA, and LINK all posted losses.
Among the larger-cap assets, Solana (SOL), HyperCycle (HYPE), and Bitcoin Cash (BCH) were highlighted as some of the worst performers. In contrast, the token Pippin (PIPPIN) defied the trend with a more than 23% daily surge to over $0.72.
The total cryptocurrency market capitalization declined by over $60 billion according to data shown, now standing at $2.350 trillion. Bitcoin’s dominance over alternative cryptocurrencies remains close to 56.5%.
