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Why is Crypto Down Today

Published by
Qadir AK

The crypto market is down 2.07% to $2.85 trillion after Bitcoin fell below $82,700, triggering about $70 million in long liquidations. The drop followed Bitcoin’s failure to hold the $87,000 resistance level, prompting profit-taking across major altcoins. Layer 1 tokens fell 2.21%, while the Binance ecosystem declined 2.02%. Geopolitical uncertainty also weighed on risk sentiment. The market is now watching the $2.85 trillion support level, with a break potentially exposing the $2.8 trillion area.

Qadir AK

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.

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