Crypto market drops 3.63% as tech selloff drags Bitcoin back to $81,273
- —Market cap at $2.72 trillion, down 3.63%; 24-hour volume $80.7 billion
- —BTC fell from $84,000 to an intraday $80,836 and traded at $81,273
- —$412 million of longs liquidated versus $43 million of shorts; $135 million in BTC
- —Bitcoin's 20-day correlation with the Nasdaq 100 stands at 0.78
Why it matters: Over $1 billion of ETF inflows failed to defend prices, leaving Bitcoin exposed to tech-stock sentiment and further liquidations below $80,000.
Source: Blockmedia