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Crypto Market is Bleeding – Bitcoin Drops Below $77,000

  • The sudden market downturn comes as investors react to the economic uncertainty sparked by the new trade restrictions, resulting in significant losses across the crypto sector.
  • Bitcoin, the leading cryptocurrency, saw its value plummet by 7.75% to $76,800, with its market cap shrinking to $1.52 trillion.
  • Ethereum faced a significant blow, shedding 14.5% of its value to trade at $1,544.
  • The increased volatility also triggered widespread liquidations, totaling over $1 billion in the past 24 hours.

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