📉The total market value of crypto fell below $2.6 trillion, and the 24H trading volume of Bitcoin exceeded $42 billion
Perhaps due to the impact of "Black Monday" market expectations, Bitcoin fell below $80,000 and hit a daily low of $78,574, with market sentiment causing a sharp rise in Bitcoin trading volume. Coingecko @coingecko data shows that Bitcoin trading volume reached $42,402,114,975 in the past 24H.
On the other hand, the total market value of crypto also fell below $2.6 trillion, currently hitting $2,599,480,858,343, with a 7.9% drop in 24H. Analysts believe that global trade tensions are considered the main reason for the Bitcoin plunge, forcing investors to act cautiously before the storm passes, and also increasing Bitcoin's selling pressure.