Hacking News
Bitcoin Price Plunges
Bitcoin's price suddenly dropped to under $77,000 after briefly reaching $81,000, resulting in nearly $500 million in liquidated positions within an hour. The volatility affected altcoins, with Ethereum dropping 7% and other cryptocurrencies like XRP and DOGE also experiencing notable declines. Over 165,000 traders faced liquidations, totaling approximately $560 million, with the largest single liquidation order valued at $6.62 million.