{"id":38710,"date":"2025-12-01T08:44:55","date_gmt":"2025-12-01T08:44:55","guid":{"rendered":"https:\/\/financialrush.com\/?p=38710"},"modified":"2025-12-01T08:44:55","modified_gmt":"2025-12-01T08:44:55","slug":"bitcoin-tumbles-toward-85k-crypto-markets-shed-close-to-200-billion","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=38710","title":{"rendered":"Bitcoin Tumbles Toward $85K, Crypto Markets Shed Close to $200 Billion"},"content":{"rendered":"

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\n\t\t\t\t\t\t\t\t\tBitcoin’s price lost almost $6K in a couple of hours as broader crypto markets sell off.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n

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Bitcoin\u2019s price dropped by close to $6,000 a few hours ago, decreasing from over $91,000 to almost $85,000 on Binance.<\/p>\n

The sharp decline happened in less than a few hours, leaving over $650 million worth of liquidated positions \u2013 a stark 390% increase as opposed to the previous 24 hours.<\/p>\n

<\/a>
Source: TradingView<\/figcaption><\/figure>\n

As\u00a0CryptoPotato\u00a0<\/em>reported<\/a> yesterday, the market was attempting a slow recovery, and Bitcoin had somewhat settled around $91,000. Unfortunately, the bears had something completely different in mind.<\/p>\n

As you can see from the heatmap below, altcoins are also bleeding out. In fact, their losses are, as per usual, larger than BTC\u2019s.<\/p>\n

\"Screenshot<\/a>
Source: Quantify Crypto<\/figcaption><\/figure>\n

XRP is down by 7.3%, SOL by 7%, HYPE by 8.2%, XLM by 8.7%, and so forth. Even ZEC seems to have lost its resilience and has crashed by a whopping 21.6% over the past 24 hours.<\/p>\n

All in all, the total cryptocurrency market capitalization is down to $3 trillion, according to CoinGecko. There is a slight discrepancy in the data and CoinMarketCap shows that it\u2019s already below that mark.<\/p>\n

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