Cryptocurrency Market Suffers Major Losses: Why are Prices Plummeting?

The cryptocurrency market experienced a dramatic downturn in recent days, with major cryptocurrencies facing significant price drops. Bitcoin fell 7.7% to $76,300, while Ethereum plunged by 16.2% to reach $1,490. Other popular coins like XRP, Binance Coin, and Solana also suffered significant losses. This decline has resulted in a decrease of over 10% in the total cryptocurrency market cap, which now stands at just $2.37 trillion. 💰 📉