Crypto
Bitcoin Dives Below $78,000 as Traders Await Inflation Data
Cryptocurrency prices dropped Tuesday as traders waited for key inflation data to gauge the Federal Reserve's interest rate policy.
The global market capitalization fell 0.36% to $2.70 trillion, with Bitcoin (BTC) leading the decline at -0.93%, now below $78,000 after a nearly 50% jump in trading volume over the last 24 hours.
Ethereum (ETH), XRP, and Dogecoin also fell, while Solana was down 0.68%. Market sentiment leaned toward 'Greed,' according to the Crypto Fear & Greed Index.
CryptoQuant noted that Bitcoin's Market Value to Realized Value indicator remains below its 365-day moving average, a level historically marking a transition from repair to expansion.