Crypto Market Tumbles Below $2.4 Trillion as Bitcoin Dips Below $67K

The cryptocurrency market saw a decline of nearly 2% in the last 24 hours, falling below the $2.4 trillion mark to around $2.38 trillion.

BTC dropped below $67,000 on Friday morning, with a price fall of 2.3% in the last 24 hours to around $66,800.

Ethereum's price was unable to stay above the $2,000 mark, leading losses among crypto majors. The overall market decline comes ahead of the wholesale inflation reading scheduled for later in the day.

CoinGlass data showed nearly $260 million in liquidations in the last 24 hours, with most of the forced unwinds coming from long positions being wiped out.