Crypto Markets Shed $80B Daily as BTC Dives Below $74K: Market Watch

Bitcoin’s Monday kicked off with a bang in an unwanted direction, with the asset tumbling below $74,000 for the first time since the breakout rally in mid-August. The altcoins followed suit, and some posted even more profound losses, such as ETH and XRP. The total crypto market cap tanked below $2.5 trillion. BTC Slides Below $74K October ended in the red for the leading cryptocurrency, proving the ‘Uptober’ narrative wrong again. The asset dropped by over 7%, and a major portion of those losses came at the end of the month following the massive exploit against Binance. The new month started with more volatility ahead of and after the US midterm elections last Tuesday.

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