Bitcoin Drops 31% from Its Peak to $87K as $1 Trillion Is Wiped Out; Ethereum Slides 44% to $2.8K

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The cryptocurrency market is reeling as Bitcoin fell to around $87,300, its lowest level in seven months, and Ethereum slid to around $2,810, dragging more than $1 trillion in market value out of the world of digital assets. The correction is intensifying amid macroeconomic uncertainty and decreasing institutional momentum.

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