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

Bitcoin experienced a significant price drop, sliding below the $84,000 mark. This market movement led to substantial liquidations, estimated at $550 million, primarily affecting traders who had placed leveraged bets on a rising Bitcoin price. The broader financial market context included an increase in oil prices attributed to reported Iranian tanker attacks, and anticipation surrounding the upcoming release of the Federal Reserve's meeting minutes later on Wednesday, both of which contribute to the macro-economic environment influencing asset prices.