Bitcoin Falls Below $84K Amid Tech Stock Selloff and Market Liquidations

Bitcoin's price dips below $84K as tech stocks tumble, leading to over $1 billion in crypto liquidations and a market cap decline below $3 trillion.

Bitcoin's value has fallen under the $84,000 threshold, influenced by a sharp downturn in technology stocks. This market pullback has had significant repercussions, resulting in a wave of liquidations within the cryptocurrency space.

In total, over $1 billion in leveraged long positions were liquidated as the market experienced this downward trend. Additionally, the overall market capitalization of cryptocurrencies has decreased, now standing below $3 trillion.