The cryptocurrency market experienced a significant downturn, shedding approximately $70 billion in capitalization over the last week. Bitcoin, which attempted a brief rise above the $61,000 mark, faced strong bearish pressure that contributed to the overall decline.
Despite the drop, there has been a noticeable growth in institutional investments in the cryptocurrency space. This indicates continued interest and potential long-term confidence in digital assets, even amidst market volatility.
The post on COINOTAG NEWS highlights these developments, reflecting the dynamic nature of the cryptocurrency market and its evolving landscape.
