Bitcoin falls 5% to $75,480, Nigeria bans algorithmic stablecoins

On November 6, the cryptocurrency market experienced a broad decline, with major assets losing value over the past 24 hours. At 14:13 UTC, CoinGecko data indicated sharp drops in both leading and secondary tokens. Bitcoin traded at $75,480, down 5% on the day, while Ethereum stood at $2,224.90, representing a 6.65% decrease. The Crypto Fear & Greed Index measured 28, placing market sentiment firmly in the ‘Fear’ category. Among the top digital assets, BNB was priced at $693.85, down 2.24%.