As reported by Coindesk, Bitcoin briefly fell below $83,000 late Monday amid thin liquidity, a macroeconomic scare from Japan, and concerns over a potential MSCI index methodology change. Major altcoins like XRP, ETH, ADA, and SOL also saw losses of up to 2%. Market participants noted the drop was driven by fragile market structure and shallow order books. MSCI’s proposed rule change could exclude crypto-heavy firms from global indices, affecting over $137 billion in digital assets. A sustained drop below $80,500 could push Bitcoin toward the $64,000 technical level.
Bitcoin Dips Below $83K Amid Liquidity Concerns and MSCI Index Proposal
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