Bitcoin fell $1,600 in about 15 minutes and dropped below $84,000, according to market trackers, and is now trading near $84,195, down 2.1% over 24 hours. Ethereum is at $2,613.53, down 3.5%, and XRP is at $1.47, down 2.7%. BNB lost 2.3% and Solana 1.9%. More than $400 million in long positions were liquidated within an hour, and the broader crypto market reportedly lost about $61 billion in 20 minutes. The speed of the drop has drawn comparisons to the October 10 flash crash, which is three days from its anniversary. The sell-off came as US Treasury yields fell sharply across the curve, right after the 10-year yield hit its highest level since 2002. Oil also dropped, and markets are pricing in lower inflation. If that holds, pressure on the Fed and on stocks should ease. The cause of the crypto flash crash itself has not been confirmed, and leveraged long liquidations appear to have amplified the move.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
UPS stock is in focus after the company reported third-quarter 2026 results, with revenue growing…
SoFi Technologies (SOFI) reported strong third-quarter 2026 earnings, beating Wall Street expectations for both revenue…
Ripple and BNY have expanded their strategic partnership to support institutional digital asset custody and…
As crypto markets face some upward pressure, the Ethereum price approaches the $2,300 support range.…
Ripple is partnering with C2FO to bring financing and settlement for C2FO Instant Pay to…
More than a quarter of Microsoft’s workforce has been offered a way out as the…
