Why is Crypto Down Today

The crypto market is down 2.07% to $2.85 trillion after Bitcoin fell below $82,700, triggering about $70 million in long liquidations. The drop followed Bitcoin’s failure to hold the $87,000 resistance level, prompting profit-taking across major altcoins. Layer 1 tokens fell 2.21%, while the Binance ecosystem declined 2.02%. Geopolitical uncertainty also weighed on risk sentiment.