Crypto Markets Lost $300B in Days as Bitcoin (BTC) Slumped Below $62K: Weekend Watch

The expectations for another dull and boring weekend in crypto didn’t pay off this time, but unfortunately for the bulls, it was the bears who took complete control. Bitcoin led the nosedive, with a massive crash to $62,000, a level not seen in roughly three months, while the altcoins followed with big losses of their own, including a 2-year low for XRP. From $81K to $62K in Days We reported on multiple occasions on the substantial decline experienced since the local peak at $81,000 on November 4 after the conclusion of the US midterms. BTC’s crash began shortly after that high, and the asset crumbled below $76,000. After another minor dip to under $75,000 on November 7, it spent the previous weekend trading sideways closer to $76,000.

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