Live updates: Bitcoin slides under $84,000 as $550 million in bets get liquidated

Crypto Insight Summary: Traders betting on higher prices took the brunt of the forced selling, while oil climbed on Iranian tanker attacks. Fed minutes are due later Wednesday. Crypto Insight Analysis: Direction: Bearish BTC Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Massive liquidations and price drop signal market panic and short-term bearish momentum.