Crypto Market Cap Falls Below $3 Trillion as Bitcoin Drops Under $87K

The assessment is "likely_true" with high confidence based on strong, corroborating evidence from multiple sources. A news report from Bitget provides the most direct evidence, explicitly stating that "the total crypto market capitalization dropped to $3 trillion at the same time Bitcoin's price fell below $86,000." This aligns perfectly with the statement, as a price below $86,000 is also below the specified $87,000 threshold. This claim is supported by several high-authority primary data sources. Yahoo Finance and Coinbase confirm that Bitcoin's price has been at or below the level mentioned in the statement ($84,421.91). Another source, Decrypt, corroborates the market conditions, reporting that heavy liquidations pushed the total market capitalization "down towards the $3 trillion mark" during a period of market decline. There is no significant evidence contradicting the statement. While one source from Statista lists a much higher price for Bitcoin, it refers to a future date in 2025 and does not address the specific correlation between the market cap and price drop mentioned in the claim. Several other sources were irrelevant as they focused on other cryptocurrencies. The consistency across the relevant sources, especially the direct confirmation from one report, makes the statement highly probable.