The crypto market is experiencing a widespread sell-off, with Bitcoin revisiting the $70,000 range for the first time in nearly 300 days, and Ethereum dropping 11.8% in the last 24 hours.

BlockBeats News, February 1st, according to HTX market data, the crypto market experienced a waterfall decline, with Bitcoin returning to the $70,000 range after 296 days, currently trading at $79,004. Ethereum plummeted by 11.8% in 24 hours, reaching $2,370. SOL dropped to $100.26, BNB fell below $800. The total market capitalization of cryptocurrencies evaporated by 5.7% in a single day, now standing at $2.738 trillion.

Some altcoins saw significant declines, including:

SSV now trades at $3.63, down 20.7% in 24 hours;

ORDI now trades at $2.96, down 20.04% in 24 hours;

GIGGLE now trades at $36, down 19.2% in 24 hours;

BERA now trades at $0.49, down 18.8% in 24 hours;

XPL now trades at $0.102, down 18.7% in 24 hours.