Crypto Market in the Red Bitcoin Correction Continues

Despite recent recovery, Bitcoin continues its adjustment phase, occupying the majority share of the cryptocurrency market.
Bitcoin fell to $63,880 after a 2.7% correction in the last 24 hours, with a trading volume of $26.2 billion. Over the past week, the cryptocurrency lost 4.6% of its value and dropped to a market capitalization of $1.26 trillion. However, the latest update shows that the price has returned to $64,200.
The one-day technical analysis from TradingView highlights bearish market sentiment – the summary indicates “sell” with 13 signals, the moving averages show “strong sell” with 12, and the oscillators are “neutral” with 9.


The Relative Strength Index (RSI) currently stands at 38.48, indicating approaching oversold territory (below 30). This could be a signal for a recent trend reversal and a resumption of the upward trajectory.
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Ethereum
dropped below $3,500 after a 2.6% decline in the past 24 hours, with a trading volume of $15.5 billion. The market capitalization of the largest altcoin dropped to $428 billion.
The biggest losers in the last 24 hours are zkSync (ZK) and 零層 (ZRO), which was recently added to the Binance spot trading platform.
ZRO is currently trading at a price of $3.2 after a 21.5% decline in the last 24 hours and a trading volume of $650 million.
ZK declined by 13.3% during the same period and is currently trading at $0.185 with a 24-hour trading volume of $402 million.
$147.55 million were liquidated from the market during this time – $106.46 million in long positions and $41.09 million in shorts.