Why Is Bitcoin And Crypto Down Today? Key Drivers Behind The Move

Bitcoin slid to $91,920 late Sunday in New York, d

Why Is Bitcoin And Crypto Down Today? Key Drivers Behind The Move

Why Is Bitcoin And Crypto Down Today? Key Drivers Behind The Move

Bitcoin slid to $91,920 late Sunday in New York, down 3.8% from roughly $95,500, as a sharp risk-off impulse hit crypto markets and quickly bled into high beta majors. Ether fell as much as 5.3% to $3,177, while XRP and Solana underperformed with drawdowns of 10.4% to $1.847 and 9% to $130, respectively, as leveraged positioning was forced out.

Coinbase Premium Gap | Source: X @cryptoquant_com
Crypto market liquidation data | Source: Coinglass
Bitcoin recovers to $93,000, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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