Bitcoin experienced a significant decline, dropping below $83,000 on Monday morning after being rejected at the $85,000 level. This downturn followed escalating geopolitical tensions, as US President Donald Trump rejected Iran’s peace proposal, pushing oil prices higher. The total cryptocurrency market capitalization shed $70 billion in a single day, falling to $2.840 trillion. However, QNT and HBAR defied the broader downturn, rising by over 20% and 18% respectively, with QNT surging 75% in just 24 hours.
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