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Crypto Markets Shrink $80B Daily as BTC Falls Below $74K
Bitcoin (BTC) fell below $74,000 for the first time since mid-August, contributing to a total crypto market cap decline to below $2.5 trillion. The cryptocurrency experienced a drop of over 7% in October, with significant losses attributed to volatility following the US midterm elections and a major exploit against Binance. Ethereum (ETH) and XRP also faced substantial losses, with ETH dropping nearly 6% to $2,100. The overall market saw a decline of over $80 billion in a single day.