Crypto market drowns in red as bitcoin falls to $68,000

Traders are bracing for a heavy week of macroeconomic events, including Fed minutes and the core PCE inflation report. What to know : Bitcoin wilts, pushing the broader market into the red. Losses have hit 85 out of the top 100 tokens. The sell-off comes despite weaker U.S. inflation data that strengthened expectations for at least two Federal Reserve rate cuts. Traders are bracing for a heavy week of macroeconomic events, including Fed minutes and the core PCE inflation report.