Data: The total market capitalization of cryptocurrencies has fallen below $2.6 trillion, with Bitcoin's 24H trading volume exceeding $42 billion

ChainCatcher news, according to Coingape, due to the market expectations of "Black Monday," Bitcoin has fallen below $80,000, hitting a daily low of $78,574. Market sentiment has led to a significant increase in Bitcoin trading volume, with Coingecko data showing that the trading volume in the past 24 hours reached $42,402,114,975.

On the other hand, the total cryptocurrency market cap has also fallen below $2.6 trillion, currently reaching $2,599,480,858,343, with a 24-hour decline of 7.9%. Analysts believe that the global trade tensions are considered the main reason for the sharp drop in Bitcoin, forcing investors to act cautiously before the storm passes, which has also increased the selling pressure on Bitcoin.