Posted 3/19/2024, 11:17:00 AM
Bitcoin Drops Below $63K, Sparking Broader Crypto Market Sell-Off
- Bitcoin fell under $63,000 leading to an 8% total crypto market cap drop in 24 hours
- Grayscale Bitcoin Trust saw $154 million in net outflows on Monday, adding to selling pressure
- Short-term Bitcoin holders took profits last week according to on-chain data firm CryptoQuant
- Major tokens like Ether, Solana, BNB, and Cardano fell over 9% amid the broader market decline
- Meme coins saw above average losses, with dogwifhat and floki down 18%, though the sector has seen huge gains this year
