A sudden hour-long liquidation cascade wipes out $600 million in leveraged bets and drags Bitcoin below $79,000, as a tech-stock selloff spills into crypto.

Sentiment 33/100 (Cautious)

Crypto had a rough day. Bitcoin, Ethereum, Solana and XRP all fell between roughly 3% and 6%, with Bitcoin dropping to about $79,000 after a brutal hour in which over $600 million of leveraged bets were forcibly closed out, erasing roughly $70 billion from the market in a flash.