Bitcoin falls below $88K to a new 2026 low with $150M liquidated in one hour

Bitcoin experienced a significant decline, falling below the $88,000 mark after failing to sustain a rebound toward $90,000. This price point represents a new low for 2026, matching levels seen at the start of the year. The renewed selloff resulted in over $150 million in liquidations within the last hour and exceeded $850 million over the past 24 hours, primarily affecting long positions in Bitcoin and Ether, according to CoinGlass data. Major cryptocurrencies like Ether, Solana, and XRP also trended lower, contributing to a total crypto market capitalization slip toward $3 trillion. Traditional markets also showed weakness, with precious metals consolidating after recent record highs.

(Source：Crypto Briefing)