The Economic Times

Bitcoin price today: Why BTC USD fell below $83,000 as $714 million in crypto positions were liquidated

Bitcoin's price dropped to $83,000 following a significant sell-off in the cryptocurrency market. More than $714 million worth of crypto positions were liquidated in the past 24 hours. Ethereum and several altcoins, including XRP and Dogecoin, also experienced declines. Concurrently, oil prices rose above $101 per barrel, adding to inflation concerns.