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<div class="coinjournal">
 Bitcoin price tanked more than 7% on Tuesday morning as the bloodbath across the crypto market pushed altcoins deep into correction territory.
 <a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a> reached lows of $62,438 as bears threatened to plunge prices to the $60k level.
 <img decoding="async" class="alignnone size-full wp-image-193974" src="https://cdn.thebittimes.com/images/2024/03/19/19ceb211386f4055d3cbc98827798117.webp" alt="" width="1074" height="545">
 <h2 id="span-style-font-weight-400-btc-price-near-key-level-as-alts-bleed-span">BTC price near key level as alts bleed</h2>
 As the benchmark cryptocurrency struggled, altcoin bloodbath also intensified. Ethereum, Solana, BNB, Cardano and Avalanche all fell double digits, with ETH dipping to $3,200, SOL to $172 and BNB to $502. Cardano and Avalanche dropped to $0.59 and $55 respectively.
 According to data from Coinglass, a total of 242,841 traders had been liquidated in the past 24 hours (as at 7.40 am ET on Tuesday). 
 The total liquidations stood at over $651 million, longs the hardest hit at over $538 million and shorts at $113 million. <a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a> accounted for over $190 million in liquidated longs in the past 24 hours, while ETH accounted for over $126 million.&nbsp;
 Data showed the largest single liquidation order occurred on the OKX exchange and involved the <a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a>/USDT-SWAP at a value of $12.25 million. Earlier in the day, a whale had dumped 400 <a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a> on the BitMEX exchange, plunging Bitcoin’s price to $8,900.
 While prices across major exchanges remain above $60k, crypto analyst Ali suggests BTC could tank to support at $56k or even $51k. the key support level beneath current levels is $61,100, the analyst noted.
 “Some of the key Bitcoin support levels to watch are $61,100, $56,685, and $51,530. On the other hand, critical resistance points for $BTC stand at $66,990 and $72,880,” Ali posted on X on Tuesday.
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 Some of the key #Bitcoin support levels to watch are $61,100, $56,685, and $51,530. On the other hand, critical resistance points for $<a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a> stand at $66,990 and $72,880. pic.twitter.com/VUjzyf2xVm
 — Ali (@ali_charts) March 19, 2024
 </blockquote>
 
 Bitcoin’s recent spike to an all-time high of $73,737 pushed its market cap to above $1.4 trillion. The flagaship cryptocurrency’s value elevated it above Meta and Silver into world’s eighth most valuable asset.
 Today’s declines have pushed <a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a> down to 10th with a market cap of $1.23 trillion. Data shows Silver is eighth with $1.41 trillion and Meta ninth with $1.26 trillion.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/altcoins-bleed-as-bitcoin-dives-7-to-lows-of-62k-tbt82926.html">https://thebittimes.com/altcoins-bleed-as-bitcoin-dives-7-to-lows-of-62k-tbt82926.html</a>

Altcoins bleed as Bitcoin dives 7% to lows of $62k

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