text: TheÂ\xa0global cryptocurrency marketÂ\xa0is in a bloodbath, with the total crypto market cap down over 12% from yesterday and the market cap of DeFi coins down more than 13%.Â\xa0BitcoinÂ\xa0fell more than 16%, breaking the yearly low in June and setting a new low of $17,114. Similarly,Â\xa0FTT fellÂ\xa0by more than 85% before recovering to trade above $2.70.