Crypto bulls lost nearly $200 million in the last 24 hours as the week's sell-off worsened over the weekend. Bitcoin fell below $60,000 in the early hours of Sunday in the US as a market sell-off continued for the fourth day in a row, with bullish bets on futures losing nearly $200 million in the last 24 hours.

BTC is down 4% in the last 24 hours, according to data from CoinGecko, hitting a three-week low of $59,400. Among the majors, Solana (SOL) and Dogecoin (DOGE) fell more than 9%. BNB Chain (BNB), XRP (XRP), and Cardano (ADA) fell by at least 6%. Toncoin (TON) performed relatively better with a 1.8% loss. Ether (ETH) fell below $2,900, retracing all of its career gains to $3,400 in July, as ETH spot exchange-traded funds (ETFs) were approved for trading in the US. products have recorded net outflows on six of nine trading days, according to data from SoSoValue, seeing $510 million in total net outflows since their launch.