Crypto Price Today: Bitcoin and Ether Hit Hard by Economic Turbulence, Altcoins Follow Suit

The overall market cap of the crypto sector dropped by notable 12.27 percent in the last 24 hours. Bitcoin and Ether, both recorded substantial price losses on Monday, August 5. Majority cryptocurrencies including Tether, Binance Coin, and Solana are also trading in the reds as of Monday.