Crypto market crash wipes out billions in leveraged long positions
Image: Crypto.newsA heavy sell-off in US tech stocks spread into digital assets, pushing Bitcoin below $76,000. Total 24-hour liquidations reached over $1 billion as leveraged long positions were wiped out. Major cryptocurrencies including Ethereum, XRP, and Solana recorded steep drops alongside sharp declines in crypto-related equities like Coinbase and Strategy.
Key points
- Bitcoin fell below $76,000 amid a broader market retreat.
- The Nasdaq Composite and S&P 500 declined during Thursday trading.
Why it matters
Sharp market declines and massive liquidations reduce active leverage across digital asset platforms and cause broad price drops for major coins and crypto-linked stocks.
Price context · BTC
At publication
$76,235.00
Now
$76,126.00
Change since
−0.14%
7 days · dashed line = publication
Sources · 2 publishers
Crypto.news
Tier 2
Crypto crash wipes out $954M in longs as Bitcoin falls below $76K
Coverage timeline
- First reported by Coinpedia
- Also reported by Crypto.news
- CryptoVideos brief published
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ONDO
−9.4%
