Bitcoin Drops to $77,840 Amid $247 Million in Liquidations
Bitcoin (BTC) has fallen to $77,840, marking a 6% decline amid volatility in financial markets. This drop follows the worst decline in US equities since 2020 due to President Donald Trump’s announcement of global tariffs.
Key points:
- Bitcoin is down 28% from its all-time high of $109,000 in January.
- The cryptocurrency experienced over $247 million in long liquidations within 24 hours, while Ethereum (ETH) faced $217 million in similar liquidations.
- Major cryptocurrencies like Solana (SOL) also dropped approximately 12% amid fears of a global trade war.
- The announcement resulted in a loss of $7.46 trillion in market value for the S&P Global Broad Market Index, with $5.87 trillion lost in the U.S. stock market alone.
- Bitcoin has seen a 15% drop in 2025 and is expected to continue moving with equities due to ongoing economic uncertainties.
