The value of Bitcoin has plummeted to $82,618 per coin as of 9 p.m. Eastern Time on Monday. This marks a significant downturn in the cryptocurrency market, with a $1 billion liquidity drawdown triggering a widespread sell-off. The broader crypto economy has contracted by over 12% against the U.S. dollar.
This downturn affects major cryptocurrencies like Bitcoin, Ethereum, and Solana, which have all suffered steep declines. The overall market is now valued at approximately $2.72 trillion, reflecting the volatile nature of digital assets and the persistent risk of sudden market fluctuations.