Bitcoin and the broader crypto market are experiencing a significant drop in prices due to macroeconomic concerns, causing anxiety among investors. BTC has fallen 2.2% in the past 24 hours, briefly touching $76,624 before recovering to $81,376. Ethereum (ETH) also dropped 10% to $1,760, its lowest level since November 2023. Other major assets, including Solana, XRP, Cardano, Dogecoin, and Binance Coin, also recorded significant losses. This sell-off led to liquidations, with 321,000 traders losing a combined $906 million. The market downturn is driven by fears of an economic recession, which have had a widespread impact. Analysts suggest that the market remains vulnerable to further declines, but corrections like these are common in bull markets. Traders are advised to consider buying the dip or waiting for central banks to ease monetary policy before deploying more capital.



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