Crypto market cap slides to $2.07 trillion as Bitcoin dips below $60,000, sparking $622 million liquidations

The total crypto market capitalization slipped to $2.07 trillion as Bitcoin fell below $60,000. The drop set off $622 million in liquidations over the past 24 hours. Market sentiment also deteriorated sharply, with the Fear and Greed Index at 17, indicating “extreme fear.”