The cryptocurrency market is experiencing a significant downturn, with Bitcoin dropping below $80,000 due to a broader sell-off in risk assets like equities. Following a brief bounce earlier in the day, Bitcoin fell by 3.8%, and Ethereum’s price also dipped below $2,000. The overall market sentiment is negative, as U.S. stock indices plummeted, reflecting concerns about the economy and ongoing tariff risks. Analysts suggest the correlation between Bitcoin and equities may intensify amidst the current market conditions.
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