Following its failure to maintain a price above $79,000, bitcoin's value has fallen to $76,923, marking a 2.4% decline over the past 24 hours. Other prominent cryptocurrencies, including ether, XRP, and solana, have also experienced substantial losses.
Meanwhile, the price of Brent crude has surged to a three-week high due to the ongoing standoff in the Hormuz region, which has led to concerns about oil supply disruptions. The global market is also awaiting key events, including the Federal Reserve's policy decision and the release of earnings reports from major tech companies, which could potentially impact the price of bitcoin and other cryptocurrencies.