Bitcoin (BTC) has dropped below $94,000, according to data from Coinbase's market monitoring tool. As of this writing, BTC is trading at $93,987.34 on the Binance USDT market. This represents a decrease of over 2% in the past 24 hours. The drop in BTC's price comes amid a broader sell-off in the cryptocurrency market. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has also seen its price decline in recent days. ETH is currently trading at $2,900, down over 3% in the past 24 hours. The sell-off in the cryptocurrency market is likely due to a number of factors, including concerns about the global economy and the potential for increased regulation. The market is also reacting to news that a number of major banks are planning to launch their own digital currencies. It is unclear whether the current sell-off in the cryptocurrency market will continue. However, investors should be aware of the risks involved in investing in cryptocurrencies, and they should only invest what they can afford to lose.

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