The cryptocurrency market has faced a substantial downturn, largely driven by Bitcoin (BTC). Over the past 24 hours, the market cap has declined by nearly 3%, reaching approximately $2.11 trillion during early trading on Monday, September 2 in Asia.
Bitcoin's price, after closing below the key support range of $58k to $60k last month, started this week with a bearish trend. This drop has resulted in more than $161 million in liquidations.
