Bitcoin drops with Wall Street selloff, triggering over $1 billion in liquidations
BROBROK News · Based on reporting by The Block ·
Bitcoin fell 6% to $75,700, giving up its post-election gains, while ether dropped 7%. The move tracked a Nasdaq-driven equity selloff and led to $1.03 billion in crypto liquidations.
Key points
- BTC fell 6% to $75,700
- ETH declined 7% in the same market move
- The decline followed a broad selloff in Wall Street equities, especially Nasdaq names
- Crypto liquidations topped $1.03 billion
- Bitcoin erased its post-election gains
Why it matters
The reaction shows crypto is still tightly linked to risk sentiment in public markets. Sharp equity selloffs can quickly force leverage out of crypto and deepen price swings.
Original headline: “Bitcoin erases post-election gains as Wall Street selloff triggers over $1 billion in crypto liquidations”
Read the original on The Block
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.