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Why is Crypto Down Today
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
The crypto market is down 2.69% to $2.84 trillion as Bitcoin’s decline below $84,000 triggered a broader selloff. More than $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. Regulatory uncertainty following the Clarity Act’s Senate failure has added pressure. Bitcoin’s ability to hold the $82,500-$83,000 support zone will be key for the next move.
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