Crypto Market Plummets as Bitcoin Drops Below $84,000
The crypto market has taken a hit today, with a decline of 2.69% to $2.84 trillion.
This downturn is largely attributed to Bitcoin's drop below $84,000, which triggered a broader selloff in the market.
In addition, over $126 million in BTC long positions were liquidated, while high leverage continued to unwind.
Total crypto open interest remains elevated at $444 billion, with funding rates falling 52% in 24 hours.