WHY CRYPTO MARKET IS DOWN TODAY...
Bitcoin and other crypto prices dropped on Monday as risk-off sentiment spread across the financial market.
Bitcoin (BTC) fell to $102,870 after trading near the $106,000 level on Sunday. Ethereum (ETH) declined to $2,400, while the total market capitalization of all cryptocurrencies dropped by 1.67% to $3.25 trillion.
The selling pressure mirrored the broader financial market, with futures tied to the Nasdaq 100, Russell 2000, and S&P 500 all down over 1%. Dow Jones futures slipped by 0.70%.