Bitcoin Tumbles Below $78,000 Amid Broader Market Uncertainty

Bitcoin's price has slipped below $78,000 for the first time in several months, reflecting a broader risk-off mood across financial markets.

The cryptocurrency market has been under pressure alongside traditional risk assets, with U.S. equity indices experiencing volatility and the dollar's strength adding headwinds for Bitcoin and other digital assets.

Traders point to a combination of factors contributing to the decline, including persistent macroeconomic uncertainty, shifting expectations around interest rates, and cautious sentiment in the wider crypto ecosystem.