Bitcoin Falls Below $66,000 as Crypto Market Sheds $680 Billion

Bitcoin (BTC) fell below $66,000 on Saturday, setting a new low for its current pullback as cryptocurrency market capitalization dropped more than $680 billion from its September peak.

BTC was down nearly 25% from its Sept. 21 high of $87,395. Ether (ETH) also moved lower, touching $1,845, nearly 35% below its Sept. 21 high of $2,807.

The total crypto market value stood at $2.354 trillion, down 3.3% over 24 hours. It reached $3.04 trillion on Sept. 22, leaving it about $686 billion lower, a decline of 23% from that peak.

The BTC and ETH price declines are measured from each asset’s Sept. 21 high; the market-cap comparison starts one day later. The 3.3% figure covers 24 hours, while the other percentages track declines from September highs. Altcoins had pulled back less than the largest cryptocurrencies.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].