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Crypto Market Turns Red as Major Coins Plummet

  • Major cryptocurrencies, including BTC and ETH, saw significant drops, impacting sentiment in the crypto market.
  • The U.S. federal government is investigating Tether, a major stablecoin issuer of USDT.
  • Bitcoin (BTC) dipped to around $65,500 but later rebounded slightly to about $67,085, while Ethereum (ETH) fell to approximately $2,471 from $2,563.
  • The overall cryptocurrency market capitalization decreased by 2.48% to reach $2.28 trillion, but total market volume surged by 43% to $105.01 billion.

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