Crypto Market Cap Drops 0.81% to $2.26T as Bitcoin Plunges Below $66K
STRC•The total crypto market cap fell 0.81% to $2.26 trillion, extending a 6.64% slide and shedding $18.6 billion in one session. Bitcoin dipped under $66,000 after MicroStrategy sold 32 BTC — its first sale in 41 months — triggering a $1.64 billion liquidation cascade.
1. Total Market Decline
The total cryptocurrency market cap decreased by 0.81% to $2.26 trillion, erasing approximately $18.6 billion in value during a single trading session. This extends a broader 6.64% collapse from the prior day and leaves the market clinging just above a $2.23 trillion support level.
2. Bitcoin Slide and MicroStrategy Sale
Bitcoin’s price dropped to below $66,000 after MicroStrategy sold 32 BTC, marking its first Bitcoin sale in 41 months. The disclosure undermined sentiment and contributed to an 11.16% correction from its recent $74,146 high.
3. Liquidation Cascade
Rapid price declines triggered a $1.64 billion liquidation event over 24 hours, with $1.47 billion of that tied to long positions. The forced selling intensified the downturn, creating a feedback loop that deepened the market’s plunge.
