Bitcoin Slips Toward $78,000 as Broad Crypto Selloff Hits Smaller Tokens

Bitcoin declined 2% in the 24 hours to $78,111, while a broad retreat spread across the cryptocurrency market, according to CoinDesk. The move was concentrated overnight and extended beyond the largest digital asset, with memecoins and smaller-cap tokens bearing much of the pressure. Of the 100 assets tracked by the CoinDesk 100, 95 recorded declines. The breadth of the drop points to widespread weakness rather than an isolated move in bitcoin. Bitcoin’s pullback left it trading close to the $78,000 level as market losses reached a large majority of the index’s constituents. The report did not identify a specific cause for the decline or provide a forecast for the market’s next direction.