Crypto Market Drops: Reasons Behind the Red Swing

The cryptocurrency market experienced a significant downturn today, with major tokens dropping in value throughout early trading hours of the U.S. session. Overall market capitalization, as per CoinMarketcap data, has dipped more than 3% to reach $3.69 trillion. Bitcoin’s price drop marks a notable highlight of this decline, falling by around 4.04% despite a surge in trading activity.