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Crypto Markets Shed $80B Daily as BTC Dives Below $74K: Market Watch

Crypto Markets Shed $80B Daily as BTC Dives Below $74K: Market Watch


ETH and XRP posted even more substantial losses on Monday morning.

Bitcoin’s Monday kicked off with a bang in an unwanted direction, with the asset tumbling below $74,000 for the first time since the breakout rally in mid-August.

The altcoins followed suit, and some posted even more profound losses, such as ETH and XRP. The total crypto market cap tanked below $2.5 trillion.

BTC Slides Below $74K

October ended in the red for the leading cryptocurrency, proving the ‘Uptober’ narrative wrong again. The asset dropped by over 7%, and a major portion of those losses came at the end of the month following the massive exploit against Binance. The new month started with…

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