Bitcoin Plunges Below $67,000 as Crypto Market Sees Widespread Decline

The cryptocurrency market is experiencing a downward trend, with Bitcoin (BTC) sliding below $67,000 in recent days. According to data from Coinmarketcap, the top token has fallen below its lowest level since April, and is now down 5.43% in 24 hours.

Total market capitalization has dropped significantly, sitting at approximately $2.3 trillion, down from highs above $4.28 trillion in October. Bitcoin's dominance remains around 58%, reflecting its relative outperformance against the broader market despite the absolute price decline.

Spot Bitcoin ETFs have been a key contributor to this trend, recording net outflows of $483.8 million on Monday. This continues a pattern seen throughout May, with net outflows totaling $2.3 billion for the month - the largest since November 2025.