BTC, ETH, DOGE price news: Doge slides 8%, Bitcoin under $84,000 in crypto sell-off
- On Wednesday, Bitcoin fell below $84,000 around Wall Street's open, triggering $280 million in long liquidations over four hours according to CoinGlass data.
- Bitcoin faced rejection near $87,000 earlier Wednesday as onchain data showed negative spot demand, with supply outpacing demand over the 30-day lookback period.
- Spot Bitcoin ETFs hold an aggregate cost basis just below $86,000, yet despite gaining over 35% since the week beginning Aug. 17, the asset struggles to attract consistent spot-market demand.
- Trader and analyst Rekt Capital warned Bitcoin must retest $82,000 to avoid reverting into the $60,000–$80,000 Range, identifying this level as critical support.
- Research from onchain analytics platform CryptoQuant suggests interest remains largely confined to derivatives, while Bitcoin's market-cap share stalls below 60%.
25 Articles
25 Articles
Cointelegraph
The New York LedgerBitcoin Threatens Sub-$84,000 Breakdown as Long Liquidations Spike
Bitcoin loses upward momentum to dip below $84,000 as BTC long liquidations near $300 million over a four-hour period.
After significant price gains, investors take profits from Bitcoin and Co.. Rising US bond yields also push the crypto market. Source: BTC-ECHO BTC-ECHO
Bitcoin Falls Below $84,000 as Profit-Taking and Rising Treasury Yields Hit Crypto
Bitcoin fell below $84,000 on September 24, extending a reversal from this week’s eight-month high as traders locked in profits and a sharp rise in U.S. Treasury yields pressured risk assets. Bitcoin traded around $83,900 during Asian hours, down more than 2% over 24 hours, after reaching nearly $87,300 earlier this week. The cryptocurrency had gained more than 13% over four days before the reversal, making profit-taking increasingly attractive …
After failing to keep the $87,000 threshold, the bitcoin has erased its recent rebound. The price has dropped to $83508, while the liquidations of bullish positions have magnified the downward movement. The Bitcoin article falls heavily and causes a wave of liquidations appeared first on Cointribune.
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