The global crypto market cap dropped 8.76% to $2.77T.Bitcoin (BTC) is below its 50-day moving average, confirming a bearish trend.The crypto market is facing a sharp downturn, with the total market cap falling to $2.77 trillion, an 8.76% drop in the last 24 hours.Bitcoin is trading at $83,093.80, down 9.43% in the last 24 hours.