Bitcoin Drops 3.3% to $80,550, Ethereum Falls 5.7% as Selloff Deepens
- —Bitcoin traded at $80,550, with a 24-hour range of $80,427–83,563
- —Ethereum fell to $2,413; ETH/BTC ratio dropped 2.8%
- —24-hour liquidations hit $1.13 billion across 187,974 traders
- —Largest single liquidation was a $19.98 million ETH-USD position on Hyperliquid
Why it matters: Rising yields and hawkish Fed minutes are pressuring risk assets; sustained macro stress could trigger further margin calls below current support levels.
Source: The Crypto Times
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