Bitcoin Plunges Over $3K After $85K Rejection, Altcoins Get Hit Harder: Market Watch

Bitcoin fell more than $3,000 after being rejected just below $85,000 on Wednesday, dropping to $83,000 within hours and then under $82,000 as of press time. The move reversed a climb to a two-week peak; Bitcoin’s market value stood at $1.640 trillion, with 60% dominance. Altcoins also declined, with Ethereum slipping $100 after passing $2,500, BNB at $730, XRP at $1.33 after again stalling at $1.40, and SOL, HYPE, ZEC, DOGE, LINK and RAIN down 3%-5%. UNI, TAO, NEAR, AAVE and WLD fell substantially, BTW dropped 25% to $1.61, and XMR rose almost 11% to $650. Across the crypto market, value dropped by more than $60 billion from the prior day’s high, leaving the total at $2.740 trillion.