Crypto market drops 3% to $2.85T as Bitcoin slips below $84K, $403M in longs liquidated
- —Total market cap fell 3% in 24 hours to $2.85 trillion
- —BTC lost over $2,200 in two hours, dropping below $84,000
- —10-year Treasury yield rose to 5.307%, 30-year to 5.69%
- —Spot Bitcoin ETFs drew $119M in inflows, Ether ETFs saw $202M in outflows
Why it matters: Macro pressure and surging oil raise the risk of further liquidations, while the Fed minutes will determine whether the selloff is short-lived.
Source: CoinGape