Daily Market Watch: BTC, ETH, SOL ORDI, and ARB

• Bitcoin lost the $60,000 price level after reaching as high as $61,600.
• Ether crashed to $2,600 after failing to enter the $2,800-$3,000 price level.
• Altcoins including SOL, ORDI, and ARB nosedived.

The crypto market turned bearish on Thursday with leading digital assets Bitcoin (BTC) and Ether (ETH) dropping significantly and failing to retain price action above $60,000 and $2,700, respectively. On the other hand, the leading altcoins also crashed while the total crypto market capitalization dropped to $2.06 trillion, a 3.59% dip in 24 hours. 

As per the data from CoinMarketCap, Bitcoin tanked below the $60,000 price level after reaching a high of $61,600 and is trading at $57,903.52 at the time of publication. The largest crypto asset with a market cap of $1.14 trillion is down by nearly 5% in the past 24 hours while the trading volume of the digital asset rose 11.22%, indicating that sellers are in charge.

On the other hand, ETH crashed 4.22% in the past 24 hours and is trading at $2,604 but is up 7% in the past seven days. Further, the native token of the Ethereum blockchain reached a daily high of $2,775 but failed to break towards the $2,800-$3,000 p…

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