Bitcoin Slides to New Lows Again, Struggling to Hold Any Momentum Above $62K - Crypto Economy

TL;DR:

• Bitcoin fell to just over $61,000, failed to hold a $64,000 rebound, and traded below $63,000 after losing $70,000 and $66,000 support.
• More than $1.6 billion in liquidations hit the market, while Bitcoin’s capitalization dropped to $1.260 trillion and dominance fell to 55.6%.
• Ether, SOL, XRP, ADA, BNB and many altcoins slid sharply, though WLD rose 11% as total crypto value lost $140 billion daily during another painful market session.

Bitcoin’s latest slide has turned a difficult June into something closer to capitulation, with BTC falling to just over $61,000 before failing to hold a rebound near $64,000. The asset had stood above $73,000 on June 1, but successive selloffs broke $70,000, then $66,000, and finally pushed price to its weakest level since February’s crash. The troubling signal is that every recovery attempt is being rejected, leaving Bitcoin below $63,000 at press time and down 14% on the week. That sequence has left the market searching for a floor rather than debating fresh highs, an abrupt turn from the optimism visible only days ago.

Altcoins bleed as Bitcoin dominance weakens

The selloff has also dented Bitcoin’s market structure. After more than $1.6 billion in liquidations across the market, BTC’s market capitalization fell to about $1.260 trillion. Its dominance over altcoins dropped by more than 2% in the past week to 55.6%, which sounds bullish for smaller tokens until the rest of the tape is reviewed. Bitcoin is losing dominance because everything is falling, not because altcoins are thriving, a strange and uncomfortable distinction for traders hoping for rotation. It also removes the easy argument that BTC weakness automatically fuels a healthier altcoin bid.


Altcoins remained deeply red, and in several cases the damage was worse than Bitcoin’s. Ether fell to $1,750 after touching a 14-month low, while Solana dropped below $70 following a 9% daily decline. XRP briefly slipped under $1.15 before recovering slightly, and ADA fell below $0.19 for the first time in years. The breadth of the decline shows stress across major assets, with BNB below $600 after a 7% fall and ZEC, DOGE, LINK and AVAX also trading sharply lower.

The few green spots did little to change the broader picture. WLD stood out with an 11% surge during the distress, but NEAR, TON and RENDER were among the heaviest losers, dropping up to 18% on the day. Total crypto market capitalization erased another $140 billion in 24 hours and sat below $2.270 trillion, after earlier pressure pushed the market toward $2.250 trillion. The market is not only lower, it is struggling to stabilize, as Bitcoin’s inability to hold momentum above $62,000 keeps traders bracing for another support test through the next volatile trading sessions ahead now.