Bitcoin Magazine Bitcoin Price Crashes to $86,000 As Extreme Fear Hits the Market

Bitcoin price is trading at lows of $86,610, down over 1% over the past 24 hours, with a 24-hour trading volume of $87 billion.

The top cryptocurrency is currently 5% below its seven-day high of $92,944 but is currently making new seven-day and seven-month lows. With a circulating supply of 19,950,600 BTC out of a maximum of 21 million, the global Bitcoin market cap is $1.78 trillion, reflecting a 1% decline over the past day.

The bitcoin price traded above $92,000 overnight but sharply dumped in early eastern-time zone trading to lows in the $86,000s range.

The Bitcoin Fear and Greed Index currently sits in “Extreme Fear.”

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