Crypto Market in Turmoil: Bitcoin Plunges Below $88,000, Top-10 Cryptos Down 10%

• The crypto market experienced significant chaos amidst geopolitical tensions and US tariffs, with gold prices also soaring.
• Bitcoin, the largest cryptocurrency, fell below $88,000, currently at $87,706.03, and has weakened by 5.76% in a week due to rapid ETF withdrawals.
• All top-10 cryptocurrencies by market cap faced heavy selling pressure, with many, including Ethereum, declining by over 10% in seven days.
• Bitcoin has dropped over 30% from its record high of $126,198.07, achieved on October 7, 2025, despite earlier surges linked to Trump's crypto-friendly policies.
• Despite the price drops, crypto transactions surged by 118.19% in the last 24 hours, reaching $126.79 billion.

Why It Matters: Global turmoil and US tariffs have caused a major crypto market downturn, with Bitcoin and top altcoins plummeting.