Cryptocurrencies added to losses in the past 24 hours as the disclosure of a critical bug related to the Zcash cryptocurrency exacerbated the prevailing bearish sentiment in the market. The uncertain geopolitical situation in the Middle East, anxiety ahead of the release of the crucial jobs data from the U.S., as well as worries about the AI investments dampened sentiment further, resulting in massive liquidations of crypto positions. Bitcoin dropped to a low of $61,112 in the past 24 hours while overall crypto market capitalization touched a low of $2.13 trillion during the same period.

The disclosure by Shielded Labs of a critical bug in privacy coin Zcash (ZEC) that existed for the past 4 years rattled crypto market sentiment…