Crypto Market Decline Worsens as Bitcoin Slips Below $77,000

The cryptocurrency market is experiencing a broad decline, with Bitcoin's price dropping to nearly $77,000 within a 24-hour period.

Total crypto market capitalization fell by 1.55% to $2.62 trillion, despite a 3.1% increase in trading volume to approximately $84.3 billion.

This downturn is attributed to a wave of risk aversion spreading from oil markets, bond yields, and shifting expectations about the Federal Reserve's next move.