After a monstrous rally, the BTC price is showing signs of cooling off, with altcoins quickly following suit.
Bitcoin (BTC) is trading at $68,319 on March 15, down 4.5% over the last 24 hours as the crypto market displays “overheated” conditions, according to a report by on-chain analytics firm IntoTheBlock.
Data from Cointelegraph Markets Pro and TradingView shows that the price of BTC turned down from its latest all-time high of $73,835 on March 14, dropping 9% to a new weekly low of $65,565 on Friday, March 15.
The drop in Bitcoin’s price has also triggered a sell-off across the market, with the global crypto market cap dropping 4.1% on the day to rest at $2.59 trillion, according to data from CoinMarketCap.
