Bitcoin Drops to $83,000 as Crypto Selloff Enters Third Day

Crypto markets dropped for a third day as the selloff across global markets accelerated.

Bitcoin traded as low as $83,330 on Wednesday as ETH dropped another 5% to $2,300 and SOL reversed its gains from the previous day to trade at $132. The overall crypto market capitalization is down 5% in the past 24 hours to $2.88 trillion, according to Coingecko.

Among the Top 100 digital assets, Solana (SOL), Lido (LDO) and Sonic (S) are today’s biggest losers, dropping by between 5% and 6%.

Story Protocol (IP) tacked on another 20%, pushing its weekly gain above 150%. Meanwhile, Berachain (BERA) and Litecoin (LTC) surged by 18% and 11%, respectively.

Over 157,000 leveraged traders were liquidated for a total of $625 million in the past 24 hours, according to CoinGlass. Bitcoin accounted for roughly half that figure at $340 million, while ETH made up $117 million.

The Bitcoin Fear and Greed Index now indicates ‘Extreme Fear’ among market participants.