Bitcoin Drops 2.2% After Briefly Approaching $70,000 Over the Weekend

Bitcoin briefly surged towards $70,000 but failed to sustain the momentum and dropped by 2.2% to just above $67,000. This decline was also seen in other major cryptocurrencies like ETH, TON, and ADA, resulting in over $165 million in long positions being liquidated, indicating significant leverage use in the market. Market analysts predict a rangebound week for cryptocurrencies like BTC and ETH, as key resistance levels have not yet been surpassed. BTC fell 2%, while ETH, TON, and ADA fell as much as 3%, and DOGE dropped by nearly 1%.