Bitcoin falls below $84,000, trades at $83,958.80, down 1.61%

  • Bitcoin reversed gains after reaching $87,200 following a softer U.S. jobs report.
  • Bitcoin was quoted at $83,958.80, down 1.61% during the day.
  • Crypto liquidations exceeded $570 million in 24 hours, mostly affecting long positions.

Bitcoin initially rose from $86,000 to $87,200 after a softer-than-expected U.S. jobs report, but was rejected at its multi-day peak and fell below $84,000. OKX market data cited by PANews later put BTC at $83,958.80, down 1.61% during the day. Ether, XRP and other major altcoins also declined, while the total crypto market capitalization fell by almost $80 billion to $2.880 trillion. CoinGlass data showed more than $570 million in liquidations over 24 hours, including $186 million in the latest hour, with longs accounting for 99% of hourly liquidations.

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Bitcoin falls below $84,000, trades at $83,958.80, down 1.61% - CoinPost Terminal