Crypto Market Drops: Bitcoin Falls Below $87,000
Bitcoin has taken a sharp hit, dropping below $87,000, causing a major stir in the cryptocurrency market.
Derar Hadri 
Bitcoin has taken a sharp hit, dropping below $87,000, causing a major stir in the cryptocurrency market. Other major cryptocurrencies, including Ethereum, Solana, and Ripple’s XRP, have also seen significant losses.
As of the latest update, Bitcoin is trading at $86,887, its lowest price since mid-November. Experts believe this decline is due to several factors, including:
• A major security breach at a well-known crypto exchange.
• Large outflows from US Bitcoin ETFs.
• A shift in overall market sentiment.
The Crypto Fear & Greed Index has dropped to 25, signaling “extreme fear” among investors. This is one of the biggest declines in sentiment since September. In the past 24 hours, the market has seen $1.48 billion in liquidations, with Bitcoin and Ethereum being the most affected.
The entire crypto market has lost over 10% in value in just one day. Ripple’s XRP has been hit especially hard, dropping 15.6% in a day and 19.7% over the past week. This sell-off is driven by investor fears and external economic factors, including the strengthening of major global currencies, which has led to a more cautious approach in financial markets.
