Why Is Crypto Down Today? Bitcoin Sell-Off Deepens as $771M in Leveraged Bets Get Wiped Out

The crypto market crash persisted on October 13, with Bitcoin price falling below $82,000 and other digital currencies, including Ethereum, declining.

Why Is Crypto Down Today? Bitcoin and Ethereum Lead the Market Sell-Off

For investors wondering why is crypto down today, rising liquidations and weakening demand for digital assets help explain the widespread selling pressure.

Bitcoin Price Drops Below $83,000 as Crypto Market Cap Shrinks

Bitcoin fell 2.8% over the last 24 hours to $81,382 around October 12, according to The Block. Other cryptocurrencies also fell recently as part of wider liquidations of leveraged positions.

Bitcoin price today reflects continued weakness in the market after a recent decline. Other cryptocurrencies also experienced price declines. On October 13, Bitcoin remained under pressure, as reported by The Economic Times.

Ethereum, Solana, XRP and Zcash Record Steeper Losses

For traders asking why is Ethereum down today, the decline to $2,425 on Monday coincided with broader selling pressure affecting Solana, XRP▲$1.39 and other major cryptocurrencies. SOL▲$101.41 and XRP dropped by approximately 4.5% and 3.5%, respectively, in a single day, based on October 13 trading data.