Bitcoin slides toward $80K as crypto long liquidations top $1 billion
- —Bitcoin shed over $7,000 in two days, sliding from $87,000 to around $80,000
- —24-hour liquidations topped $1.1 billion, with longs accounting for about $1.05 billion
- —Ethereum dropped 6% to $2,400, XRP 6% to $1.32 and Solana 9% to $106
- —CoinMarketCap's Fear and Greed Index fell to 53, exiting greed territory
Why it matters: Rising oil prices and hawkish Fed minutes are pressuring risk assets; a sustained break below $80,000 could deepen the correction.
Source: Crypto Briefing