Explained: Why is Bitcoin, XRP down today?

The total crypto market cap fell more than 10% in the last 24 hours to $2.8 trillion at the time of writing. Bitcoin (BTC) similarly fell 9% in a day to trade at $83,158.22. In fact, it fell as low as $80,659.81 on the day. Related: Popular crypto company shuts down as Bitcoin crashes As per the onchain analytics platform CoinGlass, over $2 billion worth of crypto positions got liquidated within the last 24 hours. BTC led the rout with over $1 billion in positions getting wiped out. As per Glassnode, the ...