Bitcoin plunges below $86,000 as $140 billion evaporates from the crypto market
The cryptocurrency market experienced a sharp and volatile sell-off on Monday, driven by broad risk-off sentiment that saw the total market capitalisation plummet by an estimated $140 billion in a matter of hours.
Bitcoin (BTC), the world’s largest digital asset, bore the brunt of the panic, plunging nearly 6% in 24 hours to trade at its lowest level in recent sessions, settling below the critical $86,000 mark. At one point, Bitcoin was seen trading near $85,778.
