Bitcoin (BTC) Price Dropped Below $79k – Here’s Why the Crypto Market Is Down

The crypto market dropped hard today, with total market value falling over 6% to around $2.66 trillion. Bitcoin led the decline, briefly slipping below $79,000, and the selling spread across the entire market. Ethereum fell 9%, BNB declined 8%, and Solana saw the steepest losses with an 11% drop. This wasn’t an isolated crypto event.