Bitcoin slips below $84,000 as oil rally hits crypto, layer-2 tokens lead losses: Crypto Markets Today
Summary
Bitcoin fell below $84,000 as escalating Iranian attacks on tankers in the Strait of Hormuz sent Brent crude above $101 a barrel and lifted Treasury yields and the dollar. Smaller tokens fell more sharply: the CoinDesk 80 lost nearly 4%, DeFi tokens nearly 6%, and memecoins about 5%. Crypto liquidations rose 235% to $547 million in 24 hours, including $174 million in Ether positions. U.S. spot bitcoin ETFs recorded $119 million in inflows Tuesday, their fourth positive day in five sessions. Traders were also awaiting Federal Reserve meeting minutes for clues on the interest-rate outlook.
