Crypto Slide Continues As Bitcoin Drops Below $84,000—Lowest Level Since Mid-April

Core Viewpoint - Bitcoin has experienced a significant selloff, dropping below $82,000 for the first time since mid-April, reflecting a 25% decline since the beginning of November [1][2]. Price Movement - Bitcoin's price fell to $81,871.19 before stabilizing around $82,460, marking a 10.2% decrease in the last 24 hours [1]. - The current price is 10% lower than at the start of the year, erasing most gains made since the election of President Donald Trump [2]. Market Sentiment - Traders are preparing for further declines in Bitcoin's price, as indicated by data from Deribit, a crypto options and futures market [3]. Other Cryptocurrencies - Ether's price has dropped below $2,740, down more than 9.6% in the past 24 hours [4]. - Other major cryptocurrencies, including XRP, Binance's BNB, and Solana's SOL, have also seen significant declines of 9.1%, 8.4%, and 10.6% respectively [4]. - Dogecoin has decreased by 10.3% in the past day [4].