Bitcoin experienced a significant downturn, initially dropping to around $66,810 from a high of $71k, marking an approximate 8% decline. The cryptocurrency's value continued to plummet, reaching lows not seen in a week, with figures reported at $65,000 and further descending to $60,000. This downward trend was mirrored across the crypto market, with major altcoins like BNB, Solana, XRP, Doge, and Cardano also facing notable losses. Ethereum (ETH) notably dropped below $3K. The overall crypto market capitalization saw a reduction of nearly 5%, with Bitcoin's valuation fluctuating, ultimately resting at approximately $62,346, as reported by various sources.