Bitcoin Tests $80K as Global Selloff Wipes $100B From Crypto
- —Bitcoin hit a low near $80,275 and recovered to about $81,037
- —Crypto market capitalization briefly shed more than $100 billion
- —Kospi plunged 8% with circuit breakers triggered; Nikkei 225 fell 5%
- —Futures liquidations reached nearly $1 billion in 24 hours, up from $136 million a day earlier
Why it matters: The selloff underscores crypto's sensitivity to macro risk, with $80,000 now the key level traders are watching for BTC and altcoins.
Source: Crypto Economy