Bitcoin Plummets: Market Sees Sharp Decline Amidst Volatility

The cryptocurrency market experienced a significant sell-off at the start of the week, with Bitcoin (BTC) hitting a new level below $84,000. The decline was marked by a substantial drop in both assets, triggering chain liquidations and increasing volatility. 24-hour data shows Bitcoin dropped 8.03%, while Ethereum (ETH) fell below $2,800, losing nearly 9.90% over the same period. This sharp price movement triggered the liquidation of large positions in leveraged trading platforms, further exacerbating the market volatility.