Bitcoin falls 5% to $75,480, Nigeria bans algorithmic stablecoins

On November 6, the cryptocurrency market experienced a broad decline, with major assets losing value over the past 24 hours. At 14:13 UTC, CoinGecko data indicated sharp drops in both leading and secondary tokens. Bitcoin traded at $75,480, down 5% on the day, while Ethereum stood at $2,224.90, representing a 6.65% decrease. The Crypto Fear & Greed Index measured 28, placing market sentiment firmly in the ‘Fear’ category. Among the top digital assets, BNB was priced at $693.85, down 2.24%. XRP saw the steepest decline among the leading coins, sliding 9.5% to $1.18, while Solana gave up 5.56% to reach $89.82. The price drops reflect continued market uncertainty and risk aversion among investors. The overall negative sentiment persisted throughout the day, with no single catalyst identified for the broad sell-off.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.