Cryptocurrency market capitalisation has slumped to $2.5TRN amidst an ongoing deterioration in investor sentiment centred on the U.S. economy and stock market.

A recent study by Tickmill, a leading online trading broker, has revealed that 43% of UK investors are under the age of 30, highlighting a generational shift in investment behaviour.

Bitcoin tumbled below the $79,000 mark, extending its recent losses as market sentiment deteriorated. This was driven by geopolitical concerns and a major cryptocurrency theft.

Market uncertainty has grown around Ethereum's upcoming Pectra upgrade, with JPMorgan analysts citing concerns over potential security risks and network scalability.