Bitcoin slipped near the $79,600 mark on Thursday as the broader crypto market weakened by nearly 1.6% over the past 24 hours. The cryptocurrency was trading at around $79,821.

Over the past 24 hours, Bitcoin declined 1.52%, while Ethereum fell 1.38% to trade at around $2,266. Among major altcoins, BNB, XRP, Solana, Hyperliquid and Cardano dropped up to 4.31%, while Tron and Dogecoin gained 0.41% and 2.47%, respectively.

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Vikram Subburaj, CEO, Giottus, said Bitcoin traded near $79,600 as desks tracked a 24-hour decline of about 1.8%, volume of nearly $34 billion, and market capitalisation close to $1.6 trillion. The broader crypto market also…