The crypto market succumbed to a wave of selling pressure and liquidations on Thursday, with bitcoin BTC$63,729.63 tumbling to around $61,300 at 02:00 UTC before recovering to as high as $64,680. It recently traded around $62,500. Ether (ETH) lost 3% since midnight UTC, now trading at around $1,750. Several other altcoins saw deeper declines, with NEAR, ZEC and JUP all losing more than 13%.