Cryptocurrency Market Declines with Bitcoin Falling Below $65,000

Cryptocurrency prices have continued to decline, with Bitcoin slipping below $65,000. This marks the latest downturn in an extended downtrend for the market. According to Coinglass data, 157,606 traders were liquidated in the past 24 hours for $591.48 million.

Notable gains include pippin, JUST and ether.fi. Tom Lee has made a prediction that a 50% drop in Bitcoin's price is not a cause for concern, but rather a 'crypto squall'. This statement comes as the market continues to face challenges.