Crypto market sees $1.03B in liquidations as Bitcoin drops to $75,700

CIE News ·

Based on reporting by The Block; not yet independently confirmed.

Bitcoin fell 6% to $75,700 and Ether dropped 7% alongside a Nasdaq selloff, triggering $1.03 billion in total cryptocurrency liquidations, according to The Block.

A broader selloff in the Nasdaq index coincided with sharp declines across digital assets, triggering $1.03 billion in total cryptocurrency liquidations, The Block reported. Bitcoin (BTC) dropped 6% to reach $75,700, while Ether (ETH) fell 7%. Weakness in traditional equity markets contributed to the downturn across crypto assets.

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