The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, lost 2.1%.

  • Bitcoin briefly approached $70,000 over the weekend but failed to maintain the momentum, dropping by 2.2% to just above $67,000.
  • This decline was mirrored by other major cryptocurrencies like ETH, TON, and ADA, with over $165 million in long positions liquidated, indicating significant leverage use in the market.
  • Meanwhile, market analysts predict a rangebound week for cryptocurrencies like BTC and ETH, with key resistance levels not yet surpassed.
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