Bitcoin's rally on Monday, which saw it reach $65,600 at times, has come to a sudden halt. The cryptocurrency has not only erased all its gains but has plummeted even further to a ten-day low. What happened Most altcoins followed suit, resulting in daily liquidations of approximately $700 million . This indicates that many investors were forced to close their positions amid falling prices. Market situation The chart paints a clear and painful picture. Bitcoin managed to hold $64,000 over the weekend before it jumped to a multi-day peak of $65,600 on Monday. It attempted to break through that resistance twice but failed. Bitcoin dropped to a ten-day low Daily liquidations reaching $700 million Most altcoins following Bitcoin's lead The market is currently volatile, and investors are encouraged to stay informed about developments. For more details, see the full article at the source. This article is not financial advice. Always do your own research before making decisions about your money. Read the full article