Bitcoin fell below $77,000 and then toward $76,000, erasing its brief rebound to $81,000 on Wednesday. According to CoinGlass, liquidations exceeded $560 million in one hour, including $530 million in longs, while more than 165,000 traders were liquidated over 24 hours. Ether dropped 7% below $2,300, XRP fell more than 5%, HYPE plunged 10%, Dogecoin lost 6.5%, and Solana declined 6%. The crypto market’s total capitalization stands at $2.6 trillion, nearly matching the $2.2 trillion erased by the S&P 500 in one hour. The Nasdaq 100, down 4.4%, is roughly 6% away from officially entering a bear market.
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