The cryptocurrency market continues to face sharp declines, with its total market cap dropping to $2.44 trillion on Tuesday, the lowest since early November.
Bitcoin (BTC) has fallen below $77,000 for the first time since November 2024, while other leading digital assets such as Ethereum (ETH) have also tanked to multi-month lows, testing the bullish narrative of the cycle.
A significant factor contributing to investor concerns is the recent movement of Bitcoin from Mt. Gox, the defunct exchange that collapsed over a decade ago.