Bitcoin drops below $77,000 as fear grips crypto market
This marks a 7% drop within 24 hours and a staggering 12% slide over the past week, taking Bitcoin to its lowest level in nearly a year. Ethereum fell even more sharply, losing 10% in a day and 18% in a week. Numerous altcoins recorded double-digit declines, intensifying a market-wide rout.
Market-wide liquidation and weakening capital flows
Over the past few days, billions of dollars in crypto contracts have been liquidated. Bitcoin’s total market capitalization has dropped to an estimated $1.5–1.6 trillion, while the broader digital asset market now hovers between $2.6–2.7 trillion.
Analysts cite weakening capital inflows and persistent ETF outflows as key…
