Crypto crash: Bitcoin sinks below $82k; tech slump spills into crypto markets-here's what analysts say

Bitcoin and ether experienced significant drops to multi-month lows as investors retreated from riskier assets due to concerns over stretched tech valuations and diminished expectations of near-term US rate cuts. The broader crypto market has seen its value plummet by $1.2 trillion in six weeks, signaling a shift away from speculative investments.