Crypto Market Faces Pressure Amid Drop In Business Activity And Geopolitical Tensions.

The crypto market has taken a dip in the last 24 hours after failing to maintain the upside momentum post-Bitcoin halving. The global crypto market cap tumbled over 4% to $2.36 trillion from $2.47 trillion, which means over $110 billion in market value was lost in the last 24 hours.

The cryptocurrency market is experiencing a significant crash, with Bitcoin dipping below $64,000 and altcoins suffering even greater losses, as a combination of geopolitical tensions, regulatory actions, and post-halving volatility

The global cryptocurrency market witnessed a notable decline while data from Santiment shows that the majority of the tokens are in the opportunity zone. According to data from CoinGecko, the global crypto market cap plunged by 4.

The cryptocurrency market is at it again with its volatile and unpredictable nature. Major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) have witnessed a decline in their values of 3.76% and 3.03% respectively.

The broader cryptocurrency market has come under selling pressure in the last 24 hours with Bitcoin losing nearly 4% and top ten altcoins falling anywhere between 4-10%. At press time, the Bitcoin price is trading 3.67% down and slipping under $64,500 as macro conditions show weak demand in the US economy.