The cryptocurrency market is facing a notable downturn, marked by a $70 billion decline in total market capitalization. This decline is attributed to profit-taking activities impacting various cryptocurrencies.
Bitcoin, one of the leading cryptocurrencies, has seen its upward trajectory halt at $87,615. Investors are seemingly cautious, resulting in a pause in its recent rally.
Furthermore, Fetch.ai (FET) has experienced a significant 18% decrease in its value, driven by heightened concerns over profit-taking among its investors. This reflects a broader sentiment of caution across the crypto market.
