A crypto market crash is underway today, with Bitcoin and popular altcoins being in the red. Bitcoin price dropped to $76,000 from last week’s high of $77,000. Some of the top laggards in the industry were altcoins like RaveDAO, MemeCore, LayerZero, Aave, and Siren. RaveDAO price crashed by over 95% in the last 24 hours, while the other four were down by over 10% in the same period. As a result, the market capitalization of all tokens dropped by 2.5% to $2.58 trillion. Crypto crash triggered by Strait of Hormuz crisis Bitcoin and most altcoins jumped sharply on Friday as investors cheered the decision by Iran to open the Strait of Hormuz.
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