Bitcoin Drops Nearly $3K as Crypto Market Cap Falls $80B

Bitcoin rejected at multi-day peak, shedding $3K amid regional equity crash. Total crypto market cap lost $80B in one day as bearish orders replaced bullish positioning.

Woofun AI reports that Bitcoin experienced a sharp rejection after reaching a multi-day peak, declining by nearly $3,000. This downturn transformed a geopolitical relief bounce into a broad market reversal, with the asset trading around $63,000. The selloff was exacerbated by a regional equity crash in South Korea, which rapidly spilled into cryptocurrencies and other speculative markets.

The rapid decline erased approximately $80 billion from the total cryptocurrency market capitalization within a single day. Bearish market orders have replaced the bullish positioning observed during the previous rebound, affecting altcoins and broader market sentiment.