BTCUSD News Today: Bitcoin Slides Amid $1.7 Billion Liquidation Wave

Bitcoin’s recent dip below $85,000 has sent ripples across the financial markets. This decline is powered by a massive liquidation wave amounting to nearly $2 billion, with Bitcoin alone making up $964 million of this total. This downturn reflects broader market unease as risk-off sentiment spills over from equities into cryptocurrencies. With Bitcoin’s market cap still towering at approximately $1.67 trillion, these shifts are a crucial point of focus for Hong Kong investors.