Bitcoin Falls Below $98,100 as Market Cap Drops Under $2 Trillion

Bitcoin reached an intraday low of $98,081 on Monday, its lowest level since early May, pushing the cryptocurrency's market capitalization below $2 trillion. Data show approximately $400 million in crypto positions were liquidated over the past 24 hours. Long positions comprised the majority of losses, marking the second time this month Bitcoin has fallen below $100,000.