Crypto markets lost more than $80 billion in market capitalization in a single day, bringing the total down to $2.470 trillion. Bitcoin fell below $74,000, reaching a multi-month low of $73,500 after a week of declines, while liquidations reached $1 billion. The drop followed a more than 7% decline at the end of the month and heavy volatility surrounding the US midterm elections and the massive exploit suffered by Binance. Ethereum lost nearly 6% and XRP dropped below $1.10, while Bitcoin’s dominance over the broader market remained just above 60%.
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