Crypto news report · source clearly identified
Bitcoin Slides Below $86,000 as Crypto Market Declines
Total crypto market value fell 2.27% to $2.96 trillion. XRP dropped 5.8%, Dogecoin 8.3% and Hedera 9.9%, and Uniswap gave back the entire spike it took on Tuesday's CME listing. Perpetual funding at OKX turned negative on both the bitcoin and ether swaps. U.S. equities and gold closed lower alongside.
Bitcoin slipped below the $86,000 level that many exchange‑traded fund (ETF) investors consider a cost basis, while the broader cryptocurrency market posted a broad‑based decline.
Market breadth
The total market capitalization of crypto assets fell 2.27%, reaching approximately $2.96 trillion.
Key price moves
- Bitcoin dropped below $86,000.
- XRP declined 5.8%.
- Dogecoin fell 8.3%.
- Hedera lost 9.9%.
- Uniswap retraced the entire gain it recorded after its CME listing on Tuesday.
Derivatives and funding
Perpetual swap funding rates on the OKX platform turned negative for both Bitcoin and Ether contracts, indicating short‑side pressure in those markets.
Traditional markets
U.S. equity indices and gold closed lower on the same day, mirroring the downward sentiment in crypto.
Source & attribution
News Source
- Publisher
- The Defiant
- Original date
- September 23, 2026, 9:20 PM
- Original headline
- Bitcoin Falls Through the $86,000 ETF Cost Basis as the Whole Market Turns Lower