The crypto market fell 2.6% to $2.60 trillion on Thursday as concerns over a prolonged blockade at the Strait of Hormuz and the Federal Reserve’s hawkish stance on rate cuts weighed on investor sentiment.
Bitcoin (BTC) price dropped 3.5% to an intraday low of $75,102 from its Wednesday high of $77,800 before trading sideways within the $75,000–$76,500 range and settling near $76,000 at press time. Ethereum (ETH) was down 3% to $2,250, while other top altcoins such as $XRP