Bitcoin falls to four-month low near $62K as market cap drops 4%

Key points

  • Bitcoin hit a four-month low near $62,000 on Sunday before rebounding to $65,533
  • Total crypto market cap fell 4% in 24 hours to $2.26 trillion
  • ETH lost 18% and SOL 18.8% over the past seven days
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Metric

Value

BTC price

$65,533

BTC 7d change

-13.7%

Total market cap

$2.26T

Market cap 24h change

-4%

BTC 24h volume

$56.4B

Fear & Greed Index

10

Bitcoin dropped to a four-month low near $62,000 on Sunday before recovering part of the loss. The selloff spread across the market: total crypto market capitalization fell 4% in 24 hours to $2.26 trillion.

What happened to Bitcoin

At the time of writing, BTC traded at $65,533, down 1.9% in 24 hours and 13.7% over the past seven days, according to CoinGecko data.

The price sits 48% below the all-time high of $126,080. Trading volume over 24 hours was $56.4 billion.

Bitcoin's market cap stands at $1.318 trillion, roughly 58% of the total crypto market.

ETH and SOL fell harder than BTC

Coin

Price

24h

7d

From ATH

BTC

$65,533

-1.9%

-13.7%

-48.0%

ETH

$1,834.72

-3.0%

-18.0%

-62.9%

SOL

$72.92

-3.3%

-18.8%

-75.1%

Ether traded at $1,834.72 on $22.7 billion in 24-hour volume. Against its all-time high of $4,946.05, ETH is down 62.9%.

Solana traded at $72.92 with $5.56 billion in volume. Against its all-time high of $293.31, SOL has lost more than three quarters of its value.

Over seven days, both coins fell 4-5 percentage points more than BTC, and their 24-hour declines topped 3% versus 1.9% for Bitcoin.

Sentiment hits extreme fear

The Fear & Greed Index fell to 10 on Sunday from 13 on Saturday and remains in extreme fear territory. One month ago the index was in the greed zone.

  • Now: 10 - extreme fear
  • Yesterday: 13 - extreme fear
  • Last week: 28 - fear
  • Last month: 63 - greed

The index is built from volatility (25%), momentum and volume (25%), social media (15%), BTC dominance (10%) and Google Trends (10%). The survey component (15%) is currently paused, and an unusual rise in volatility is counted as a sign of fear.

What it means for you

If you hold BTC, the $62,000 area reached on Sunday is the four-month low: below it, the price moves to levels not seen since the summer.

If you hold ETH or SOL, both fell more steeply than BTC on both the 24-hour and seven-day windows, and SOL sits 75.1% below its all-time high.

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