【Market Flash】$BTC came under renewed pressure, falling below the $83,000 level. During the New York session, it briefly dropped to $82,823, down nearly 4% over 24 hours. It had climbed to around $87,086 last week, but has now given back all of those gains. The decline is linked to macroeconomic risk aversion triggered by surging oil prices and rising U.S. borrowing costs. Leveraged bulls were hit hard: about $178 million worth of Bitcoin long positions were liquidated over the past 24 hours (according to Coinglass data).

(Source: BitcoinMagazine)
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