CoinDaily – Stay ahead with the latest cryptocurrency news, market trends, and expert analysis. Get daily updates and insights to make informed crypto decisions The biggest cryptocurrency by market capitalization, Bitcoin, has dropped below $80,000. This decrease represents a significant 27% drop “from” its all-time high, and it is causing chaos across the entire digital asset market. The recent decline is not just specific to Bitcoin, as the entire cryptocurrency as well as stock markets are experiencing a phenomenon of “panic selling.” Reportedly, analysts suggest that the drop is greater than $6 trillion cumulatively across two asset classes, leaving investors and outlook experts deeply worried. Disorientation in the Market and Global Economic Factors Bitcoin’s sudden depreciation coincides with rising global economic...