Bitcoin fell to $62,000 as a broader macro-driven sell-off swept through risk assets, with the U.S. dollar climbing to multi-month highs.
Investors are now focused on Thursday’s PCE inflation report, a key indicator for future Federal Reserve policy.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $62,307.29 |
| Ethereum | (CRYPTO: ETH) | $1,656.22 |
| Solana | (CRYPTO: SOL) | $68.74 |
| XRP | (CRYPTO: XRP) | $1.09 |
| Dogecoin | (CRYPTO: DOGE) | $0.07851 |
| Shiba Inu | (CRYPTO: SHIB) | $0.054530 |
Notable Statistics:
- Coinglass data shows 137,225 traders were liquidated in the past 24 hours for $649.88 million.
- SoSoValue data shows net outflows of $68.2 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $66 million.
- In the past 24 hours, top gainers include DeXe, Audiera and Algorand.
Notable Developments:
- Bitcoin Could Start A Catch-Up Rally—But The Fed Has To Play Ball, Bitwise’s Matt Hougan Says
- BlackRock: ‘AI Is Sucking All The Oxygen Out Of The Room’—And Bitcoin Is Choking On It
- Coinbase Is A Potential $1 Trillion Company, Dan Tapiero Says: What Do Prediction Markets Say?
- Solana ETFs Are Turning 6% Staking Yield Into A Superpower
- Bitcoin Plunges To $62,000: Is The Worst Of The Bear Market Still To Come?
- 4 Reasons To Stay Bullish On MSTR Even If Michael Saylor’s Bitcoin Engine Is Stuttering
- Ripple Gets MiCA Approval Across 30 EU Countries, But XRP Plunges To $1.10
Trader Notes:
Crypto analyst Kevin expects one final major Bitcoin correction between July and October, aligning with a broader bearish roadmap.
The projected decline would clear long-position liquidity, fulfill the bear flag’s measured move target, test key moving averages and the 0.5 Fibonacci retracement level, potentially marking the cycle bottom before a recovery begins.
Crypto chart analyst Ali Martinez identifies the $60,000–$63,000 range as Bitcoin’s most important support zone, with more than 1.3 million BTC transacted there, making it the largest on-chain volume cluster.
Holding above $60,587 would preserve the current trend, while a breakdown could expose downside targets near $46,700 and potentially $37,900, where significant historical buying activity occurred.
Image: Shutterstock
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