CryptoMedium•29 September 2026•
1 min read
Bitcoin Dips Below $83K Triggering $500M in Crypto Liquidations
Key Facts
1Roughly $500 million in leveraged crypto bets were liquidated in a single day as Bitcoin's price slipped below $83,000.
2The crypto market was pressured by external factors including volatility in oil, bonds, and a rare rout in gold prices.
Roughly $500 million in leveraged crypto bets were liquidated in a single day as Bitcoin's price slipped below the $83,000 threshold. According to news.bitcoin.com, the decline affected over 129,000 traders and saw the primary cryptocurrency hit a seven-day low of $82,500 before staged a minor recovery.
The crypto market faced significant pressure from external factors, including volatility in oil and bond markets alongside a rare rout in gold prices. This cross-market contagion occurred as the 10-year Treasury yield climbed above 5.2%, while altcoins such as QNT and NEAR experienced sharp declines between 13% and 20%.