Bitcoin prices tanked over 5% in the past 24 hours, trading around $86,261 (£65,252) during Monday premarket hours. The months-long selloff appears to have gained momentum, with traders increasingly concerned about further declines.
Top cryptocurrencies also declined today, led by Dogecoin, XRP, Cardano, and Solana. Last week, easing selling pressure allowed Bitcoin to recover slightly, climbing above $90,000 (£68,080). However, today's sharp fall has traders bracing for larger liquidations.
