The cryptocurrency market went on a free fall Sunday as recession fears and soaring geopolitical tensions caused the worst intraday decline for the risk-on sector in 2024. What Happened: Market bellwether Bitcoin hit an intraday low of $52,559 Sunday night, a level not seen since late February. The world’s largest cryptocurrency rebounded to $54,000 during the volatile trading session but was still down 10% in the last 24 hours. Ethereum hit an intraday bottom of $2,152, recording its steepest drop since December 2022. The second-largest cryptocurrency was among the market’s biggest losers, tu…
