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The crypto market experienced overnight volatility and downward movement, with Bitcoin falling below $71,000. U.S. stocks and crypto-related stocks declined across the board.
Mars Finance News, March 6 — According to market information, the crypto market maintained a volatile downward trend overnight. Bitcoin is currently at $70,900, down 1.95% over the past 24 hours. Ethereum is at $2,073, down 1.98% over the past 24 hours. The total cryptocurrency market cap decreased by 1.7% in 24 hours, now at $2.487 trillion. Leading altcoins in gain and loss include: SAHARA down 10.72% in 24 hours, now at $0.26; GIGGLE down 10.7%, now at $28.56; COOKIE down 9.8%, now at $0.02; FIO down 9.3%, now at $0.0087; BARD up 52.5%, now at $1.66; KITE up 21.2%, now at $0.273; HUMA up 18.7%, now at $0.016; ORCA up 1.4%, now at $1.04.
In the U.S. stock market, the three major indices closed lower: Dow down 1.6%, S&P 500 down 0.57%, Nasdaq down 0.2%. Crypto-related stocks also declined, including: Strategy (MSTR) down 4.53%; Coinbase (COIN) down 1.54%; Circle (CRCL) up 0.4%; MARA Holdings (MARA) down 5.6%; Riot Platforms (RIOT) down 5.3%; BitMine Immersion (BMNR) down 3.5%; SharpLink Gaming (SBET) down 2.46%. According to PolyBeats monitoring, the probability of Bitcoin dropping to $60,000 first is 47%, while the probability of rising to $80,000 first is 53%.