Bitcoin (BTC) Price Recedes by 2.6% Today, Dipping Below the $81,000 Mark

Bitcoin's price receded by 2.6% today, dipping below the $81,000 mark in a subtle yet thought-provoking shift. This pullback may serve as a cryptic overture

Bitcoin’s price slipped by 2.6% on Sunday, sliding below the $81,000 level in a move that could foreshadow a quiet apprehension among traders ahead of Wall Street’s open on Monday.

The world’s benchmark cryptocurrency was trading at $80,538 by 1:31 p.m. ET, sliding from recent highs of $83,668. Bitcoin’s 24-hour trade volume fell 17% to $14.16 billion, with the most active exchanges in the past 24 hours being Binance, Bybit, OKX, Bitget, and Crypto.com, respectively.

While the majority of exchanges were clustering around relatively the same price, South Korea’s Upbit was listing BTC at $82,915—suggesting a premium of nearly 2% in the region and hinting at complex regional dynamics.

Meanwhile, cryptoquant.com’s Coinbase Premium Index was showing a decline, indicating lighter U.S. trading activity and buy-side pressure. As of Sunday, the San Francisco-based exchange was the sixth most active in terms of trade volume, lagging behind Crypto.com.

The losses from Sunday’s trading also pulled back the broader crypto economy by 2.45%, reducing the total valuation to $2.59 trillion. Bitcoin’s share of that total remained at 62%, while ether (ETH) accounted for 8%. In the derivatives markets, liquidations on Sunday reached $252.79 million, of which $207 million were long positions. ETH long liquidations contributed about $72 million to that figure.

Bitcoin’s price movements continue to be closely aligned with shifts in global liquidity, which is often seen as a “pure” measure of macroeconomic and monetary policy forces. With Wall Street set to resume trading on Monday, BTC’s latest move may not bode well for TradFi, but it offers a glimpse into the broader market mood.

The above is the detailed content of Bitcoin (BTC) Price Recedes by 2.6% Today, Dipping Below the $81,000 Mark. For more information, please follow other related articles on the PHP Chinese website!