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06/24 07:51Alcista

Bitcoin, Ethereum, XRP, Dogecoin Drop Further Amid

Bitcoin, Ethereum, XRP, Dogecoin Drop Further Amid Global Chip Sell-Off: Analyst Flags 'The Most Important Level' For BTCLeading cryptocurrencies cracked alongside stocks on Tuesday, after a sharp decline in chip-related stocks cast doubts on the sustainability of the AI rally.Crypto Market Sinks Deeper Bitcoin dropped below $62,000 amid heavy selling, while Ethereum bulls failed to defend the support at $1,700. XRP and Dogecoin recorded sharp declines as well.Over $560 million was liquidated from the cryptocurrency market in the last 24 hours, with $490 million in bullish long positions wiped out, according to Coinglass data. Roughly $350 million in Bitcoin longs were at risk of liquidation if the price dropped to $60,000. Bitcoin’s open interest fell 1.39% over the last 24 hours. Whale and retail derivatives traders, meanwhile, bought the dip, adding more long exposure to $BTC.Top Gainers (24 Hours)The global cryptocurrency market capitalization stood at $2.15 trillion, following a decline of 1.63% from the previous day. Stocks In Red After Chip Stocks TumbleStocks faced heavy sell-offs on Tuesday. The Dow Jones Industrial Average fell 45.87 points, or 0.09%, to close at 51,666.84.The S&P 500 slid 1.44% to end at 7,365.46,while the tech-focused Nasdaq Composite declined 2.21% to close at 25,587.04. Why This Support Is Significant For $BTC Ali Martinez, a widely followed cryptocurrency analyst and trader, said that Bitcoin must hold the support at $60,587 to “maintain the current trend.” Citing on-chain data, the analyst highlighted the $60,000–$63,000 range as one of the largest volume clusters, where over one million $BTC changed hands. #World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge

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#World Cup Predictions: 100,000 USDT Daily#TradFi Trading Strategies Sharing Challenge#BTC Prophet: 20-Day 380 Million HTX Challenge

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