From NASDAQ:

Bitcoin fell 6.5% on Tuesday, hitting a two-week low of $62,966, with ether dropping 6.7% to $3,276. Despite this, Bitcoin has seen a 52% gain for the year, fueled by investor interest in US exchange-traded funds. Other altcoins like sol and avax have seen gains, while larger crypto tokens struggle.

The recent all-time high of nearly $74,000 for Bitcoin triggered profit-taking and market recalibration. Bitcoin has fallen by 9% in the past week, while ether dropped 13% due to an upgrade in the ethereum network. Smaller tokens drew in flows, with sol and avax coins rising by 19% and 17%, respectively.

Shares of Coinbase, Riot Platforms, Marathon Digital, MicroStrategy, and ProShares Bitcoin Strategy ETF all fell in Tuesday’s US premarket. Capital flows into major Bitcoin ETFs have slowed, with $178 billion flowing in on Monday compared to over $400 billion on previous days. This market recalibration comes amidst unprecedented inflows into spot Bitcoin ETFs.



Read more at NASDAQ: Bitcoin slides 6%, while altcoins sparkle