Bitcoin fell 2% over the past 24 hours to trade at $78,111, while losses spread across most of the broader crypto market. According to CoinDesk, 95 of the 100 tokens in the CoinDesk 100 index moved lower. The report said memecoins and smaller-cap tokens were leading the retreat, and that most of the selloff took place during overnight trading. The move left bitcoin hovering near the $78,000 level as weakness extended well beyond the largest token.
Bitcoin fell 2% over the past 24 hours to $78,111, trading near the $78,000 mark as losses spread across the wider digital asset market. According to CoinDesk, 95 of the 100 constituents in the CoinDesk 100 index declined, with memecoins and smaller-cap tokens leading the retreat.
CoinDesk said most of the damage was done overnight.
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