Major cryptocurrencies fell overnight Sunday as Bitcoin’s spot market recorded its strongest selling imbalance since the rally began in August. The selling exceeded activity during the October 30 Binance security incident and pushed prices lower. Bitcoin was down 0.80% at $74,938.37 at 8:20 p.m. ET after briefly slipping below $74,000, while Ethereum fell 4.20% to $2,131.08, XRP declined 4.00% to $1.11, Solana dropped 2.50% to $87.14 and Dogecoin lost 2.90% to $0.06923. About $1 billion was liquidated across the crypto market over 24 hours, mostly from bullish long positions, while Bitcoin open interest fell 0.75%. The global crypto market capitalization declined 2.80% to $2.559 trillion. Investors are focused on Tuesday’s consumer price index and Friday’s producer price index reports; the CME FedWatch tool showed a 78.5% probability of a rate increase at the Federal Reserve’s final meeting of the year. Bitcoin analyst Ali Martinez said the token was holding its 200-day simple moving average near $73,000-$74,000, while Michaël van de Poppe identified $75,000 as a pivotal level. Pepe, Arbitrum and PAX Gold were among the top 24-hour gainers.