Global Crypto Market Cap Slumps to $2.94 Trillion Amid Bitcoin Price Drop

The global cryptocurrency market capitalization fell to $2.94 trillion over the past 24 hours, with a trading volume of $156.98 billion. Bitcoin's price dropped by 0.9% to $83,093.36, and it has lost 3.1% in value over the week.

Ethereum traded at $2,665.85, remaining flat over the past day but down 3.3% for the week. Other major tokens underperformed, with BNB falling by 2.3% to $758.78 and XRP dropping 1.9% to $1.49.

BlockTower's founder accused Coinbase of hiding over $1 billion in losses, raising concerns about CEX security and transparency risks. OpenAI postponed the release of GPT-6.1 Astra due to an internal safety regression, which could impact AI-crypto integrations and token launch momentum.