Crypto losses accelerated Thursday afternoon as bitcoin broke below the key $85,000 support level, dipping to $84,500 — its weakest price in nearly three weeks — before rebounding slightly.
The move erased BTC’s morning rally to $89,500 and dragged the broader crypto market lower. Ether fell under $2,800, down 1.1% in the past 24 hours, while Solana’s SOL dropped 4% to below $120, its lowest since April.
Altcoins led the rout, with , , and SUI plunging more than 5%, outpacing bitcoin’s 1.6% daily drop.
The wild price swings across the board triggered $550 million in liquidations over the past 24 hours on derivatives markets, CoinGlass data shows, flushing out both short and long leveraged trading positions.
The $85,000 level had…
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Source www.coindesk.com
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