Bitcoin Falls Through the $86,000 ETF Cost Basis as the Whole Market Turns Lower

Crypto Insight Summary: 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 Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH / Bearish XRP / Bearish DOGE / Bearish HBAR / Bearish UNI Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Broad market sell-off triggered by ETF cost basis breach and negative funding rates.