Bitcoin Price Crashes 6% To $84,000 In Sharp Sell-Off

"Bitcoin price fell sharply this morning, sliding to lows in the $84,000 range and extending a swift reversal from recent 24-hour highs above $90,000, as macro uncertainty and fragile market structure reasserted control. The bitcoin price dropped to as low as $84,416, down roughly 6% over the past 24 hours if accounting for daily highs, according to Bitcoin Magazine Pro data."

"Daily trading volume climbed to roughly $48 billion as the selloff accelerated, suggesting forced liquidations and short-term positioning unwind. Bitcoin's total market capitalization fell to about $1.72 trillion, down approximately 4% on the day. With unemployment at 4.4%, Powell emphasized labor market resilience and refrained from signaling urgency around easing policy - an outcome that proved unfriendly for speculative assets. For crypto markets that had rallied into the decision, the meeting quickly turned into a "sell the news" event."

"The reversal also came as bitcoin struggled to reclaim key technical levels. After briefly clearing $90,000, the bitcoin price failed to hold above resistance near $91,000, triggering renewed selling pressure. Analysts have flagged the $88,000 level as an important pivot for near-term stabilization, with $84,000 now emerging as critical downside support. A sustained break below that level could expose deeper retracements toward the $72,000-$68,000 zone, according to Bitcoin Magazine analysts. Bulls are expected to defend the $84,000 area aggressively to avoid a broader technical breakdown."

Bitcoin plunged into the $84,000 range after reversing from intraday highs above $90,000, reaching as low as $84,416 and losing roughly 6% over 24 hours. Daily trading volume climbed to about $48 billion amid accelerating selling, and total market capitalization dropped to roughly $1.72 trillion, down around 4% on the day. Federal Reserve commentary emphasized labor market resilience with unemployment at 4.4% and did not signal urgency to ease policy, prompting a "sell the news" reaction in speculative assets. Key technical levels include resistance near $91,000, pivot near $88,000, and critical support at $84,000; a sustained break could expose $72,000–$68,000, while bulls are expected to defend $84,000 and gold surged above $5,550 per ounce, reflecting demand for hard assets amid currency uncertainty.

Read at Bitcoin Magazine