why the crypto market is plunging — TradingView News
Bitcoin fell sharply on Thursday, dropping below $85,000 for the first time in nearly two months, as a broad pullback in risk assets swept through global markets and intensified pressure on cryptocurrencies.
The world’s largest digital asset slid as much as 5.7% to $84,233, its lowest level since Dec. 1.
The decline marked a significant breakdown after weeks of sideways trading and underscored the fragility of sentiment across the crypto market.
Losses were even steeper among smaller tokens, with Ether, XRP, Dogecoin, Cardano and Solana all falling by 6% or more.
The sharp move lower in prices triggered a wave of forced selling across crypto derivatives markets.
Around $785 million worth of digital assets were liquidated over the past…
