In a tumultuous turn of events, the cryptocurrency market has been rattled by a sharp decline in Bitcoin prices. After a sustained period of remarkable gains and record highs, Bitcoin has plunged to a weekly low of $65,000, marking a significant setback for investors. At the time of writing, Bitcoin numbers were all painted in red, and trading at $65,710, losing value in the 24-hour and weekly timeframes by 5.6% and 4.5%, respectively, according to data from Coingecko. A few days after its previous low of $68,000, Bitcoin plummeted to its present level, a figure not seen in a week, as bears persisted in their downward pressure. Related Reading: Bitcoin Miners Brace For Impact As Difficulty Reaches Unprecedented Levels Bitcoin plunging in the last 24 hours. Source: Coingecko. Altcoins Also Take A Beating While Bitcoin bears the brunt of the downturn, altcoins are not spared from the fallout. Ethereum (ETH) and Binance Coin (BNB) have also witnessed substantial losses, shedding 10% of their value or more. Dogecoin and Shiba Inu, two popular meme coins, have experienced even steeper declines, plunging by 20% and ..
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