Bitcoin Tumbles Below $83K as Crypto Market Sheds $1 Billion in Liquidations
The price of bitcoin (BTC) plunged to $82,618 per coin as of 9 p.m. Eastern Time on Monday, marking a significant downturn in the broader cryptocurrency market. The total crypto economy has contracted by more than 12% against the U.S. dollar, now valued at $2.72 trillion.
Bitcoin, Ethereum, and Solana Suffer Heavy Losses as Sell Pressure Mounts
Bitcoin and its digital asset counterparts endured a turbulent session, with global trade volume reaching $175.84 billion—over 4% lower than the previous day, with a predominant share driven by sell-offs. BTC’s price bottomed out at $82,618 during the past 24 hours, and by 9 p.m. ET, it had edged up slightly to $83,634. Of today’s total global trading activity, $72.86 billion can be attributed to BTC volume alone.
BTC has declined by 10.5%, while ethereum (ETH) has taken a steeper fall of 16.5%. Close behind, XRP has depreciated by 18.7% against the U.S. dollar. BNB has slipped by 10.2%, whereas solana (SOL) has suffered an even sharper decline at 21.3%.
