The cryptocurrency market experienced a significant drop in market capitalization over the past weekend. This decline was marked by a sharp plunge in prices. Bitcoin, a market leader, has fallen below the $60,000 mark. One notable event during this period was Genesis moving $1.5 billion in crypto repayments. This substantial transfer by Genesis has caught the attention of market analysts. The movement of such a large sum has had a ripple effect on the entire crypto market. As the prices continue to fluctuate, investors are closely monitoring the situation. The drop in Bitcoin's value is significant given its previous highs.