Cryptocurrency Prices Today: Bitcoin drops to $59,000 level; Major altcoins decline

The cryptocurrency market has experienced a sharp decline today, reversing recent gains and raising concerns among investors. Bitcoin (BTC) fell to around $59,000 in the past 24 hours, while the global crypto market cap dropped nearly 6% to $2.08 trillion.

As of 12:44 pm IST, Bitcoin was down 5.7%, trading at $59,198, while Ethereum fell 7.85% to $2,466.