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Bitcoin Drops Below $74,000 to Reach Lowest Level Since August
Bitcoin fell below $74,000 on Monday, reaching its lowest level since August. The market decline was driven by concerns over tighter U.S. crypto regulation following midterm elections alongside ongoing ETF outflows. During the drop, Bitcoin traded at $73,810 after falling 2.70%, while Ethereum dropped 6.63% to $2,090. Overall crypto market capitalization fell to $2.56 trillion, with Bitcoin dominance reaching 58.1%. Additionally, recent funding activity included Lombard systems raising $4 million in a seed round led by Ethereal Ventures and Unruggable securing $500,000 led by Colosseum.