Blood Returns to Crypto as BTC Loses Momentum

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Bitcoin (BTC) remains under pressure after another failed recovery attempt, as the leading cryptocurrency is trading near $61,000 and posting a daily loss of about 2.5%. The wider market has weakened alongside BTC, as most major altcoins moved lower and several high-profile tokens recorded double-digit declines. Despite the pullback, traders continue watching whether Bitcoin can hold above key support levels and prevent a deeper correction across the crypto market.

Bitcoin Holds Above $61K After Fresh Pullback

Specifically, Bitcoin spent the last 24 hours trading in a relatively tight range after slipping from the upper-$62,000 area. According to the latest market data on June 10, BTC fell to approximately $61,128, down 2.46% on the day.

The price chart shows sellers gradually gaining control throughout the session, pushing Bitcoin from above $62,500 toward the $61,000 level. Despite several short-lived rebounds, bulls have so far struggled to regain momentum.

Even so, Bitcoin has managed to remain above the psychologically important $61,000 threshold. Market participants now appear focused on whether that level can continue acting as support following the recent wave of volatility.

Altcoins Post Steeper Losses

Meanwhile, most large-cap cryptocurrencies underperformed Bitcoin during the latest market decline.

Ethereum (ETH) dropped 3.05% to approximately $1,617, and BNB fell 2.43% to $584. XRP lost 4.18% and traded near $1.11. Solana (SOL) posted one of the larger declines among major assets, and slid 3.94% to $63.45, as Cardano (ADA) dropped 4.78% to around $0.16.

Several notable names suffered even deeper losses. Hyperliquid (HYPE) fell 10.69% to $55.56, whereas Zcash (ZEC) plunged 11.62% to $417.71, which makes it one of the weakest performers among larger cryptocurrencies.

A few assets managed to buck the trend. WhiteBIT (WBT) surged 13.19% to $50.38, which made it one of the strongest gainers on the board. Tron (TRX) rose 0.55%, whereas RAIN added 0.91% and UNUS SED LEO (LEO) edged slightly higher.

The latest market heatmap shows red dominating most sectors of the crypto market, which suggests risk appetite remains subdued as traders assess whether Bitcoin can stabilize above $61,000 or if another leg lower could follow.

The post Blood Returns to Crypto as BTC Loses Momentum appeared first on TechGaged.com.