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Bitcoin slips below 81000 as crypto sheds 23 billion and traders brace for more losses
Economy
Published on 12 May 2026
Bounce hopes die after a stubborn 83600 resistance rejection
Crypto markets swung sharply as nearly $23 billion was wiped out in hours. Bitcoin fell below $81,000 after failing to push through a key resistance area near $83,600, flipping sentiment from bullish to cautious. The total crypto market cap slid to about $2.67 trillion, leaving investors hesitant and unsure whether any immediate rebound can hold.
- Crypto market cap dropped to around $2.67 trillion quickly
- Bitcoin slipped below $81,000 amid renewed risk aversion
- A failed breakout near $83,600 turned bullish bets into hesitation
- Traders now await confirmation before expecting a rebound
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times