Bitcoin’s Monday Drop Sparks Renewed Pressure on ETH and XRP

TL;DR

• Bitcoin dropped below $63,000 and revisited $62,200 on Monday, leaving BTC more than 4% lower weekly as weekend relief quickly faded during trading.
• Ether fell below $1,850 and XRP tested $1.05 support, while most major altcoins declined and total crypto capitalization lost about $40 billion daily.
• Coldcard losses pressured self-custody confidence, yet volatility stayed contained as futures shorts increased alongside bullish options bets at $68,000 and $70,000 across markets today.

Bitcoin fell below $63,000 on Monday, erasing a brief Sunday rebound and returning to $62,200 for the second time in several days. The decline left BTC more than 4% lower over the week, with market capitalization near $1.25 trillion and dominance below 56.5%. The renewed slide showed that weekend relief had not repaired the market’s fragile demand. Bitcoin had reached $63,700 after easing geopolitical concerns, but sellers quickly regained control as traders also absorbed the fifth day of fallout from the Coldcard wallet exploit and its reported $114 million losses during another unsettled trading session.

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