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Bitcoin drops below $80,000 as crypto liquidations top $350 million

Bitcoin and Ethereum fell sharply as hundreds of millions of dollars in crypto positions were liquidated, pressured by falling tech stocks and the Federal Reserve holding interest rates steady.

Candlestick price chart showing Bitcoin dropping sharply from over $81,200 down below $80,000 to approximately $79,786.
Image: @coinbureau

Bitcoin dropped back below the $80,000 threshold, sliding under $79,800 amid a sharp market drawdown that also pushed Ethereum below $2,300. The rapid downturn triggered heavy losses for leveraged traders. According to Bull Theory, more than $80 million in long positions were liquidated in a single 30-minute span, while Coin Bureau reported that long liquidations exceeded $100 million within two hours.[2][3][4]

Total 24-hour liquidations across the cryptocurrency market reached between $335 million and $356 million. Cointelegraph reported that long positions absorbed $207.7 million of the $356 million total, with market heatmaps showing broad declines across major altcoins, including Solana, XRP, and Zcash.[1][3][5][6]

The crypto decline tracked broader weakness across traditional markets. Reports from The Kobeissi Letter and Coindesk highlighted sliding technology equities, including Samsung-driven tech jitters, alongside a hawkish Federal Reserve decision to hold benchmark interest rates steady. Coin Bureau added that persistent inflation, rising oil prices, and geopolitical tensions also contributed to the risk-off environment.[3][4][5]

Key facts

  • Bitcoin dropped below $80,000, trading around $79,786 to $79,859 on intraday price charts.
  • Ethereum slipped below the $2,300 mark during the market drop.
  • Total 24-hour crypto liquidations reached between $335 million and $356 million across reporting outlets.
  • Long positions accounted for $207.7 million of the $356 million in 24-hour liquidations, per Cointelegraph.
  • Bull Theory reported over $80 million in longs liquidated in 30 minutes, while Coin Bureau reported over $100 million liquidated in two hours.
  • The sell-off followed the Federal Reserve holding interest rates steady, accompanied by tech stock weakness, inflation concerns, rising oil prices, and geopolitical friction.

Sources 路 6 sources

  1. CR

    Crypto Rover@cryptoroverPost on X 路

    馃毃 BREAKING: Bitcoin PLUNGES below $80,000 as tech stocks tumble and crypto liquidations hit $335 MILLION in 24 hours. https://t.co/AZRs51zPv2

    Open source
  2. BT

    Bull Theory@BullTheoryioPost on X 路

    BREAKING: Bitcoin falls below $80,000, Ethereum drops below $2300. Over $80 million in longs liquidated in just 30 minutes. https://t.co/lg0vBuwmEb

    Open source
  3. TK

    The Kobeissi Letter@KobeissiLetterPost on X 路

    BREAKING: Bitcoin and ETH fall sharply as crypto liquidations hit $335 million over the last 24 hours and tech stocks drop. Bitcoin is officially back below $80,000. https://t.co/GHPIiADeeC

    Open source
  4. CB

    Coin Bureau@coinbureauPost on X 路

    馃毃BREAKING: Bitcoin falls below $80,000 and Ethereum slips under $2,300 after the Fed holds rates steady. More than $100 MILLION in long positions were reportedly liquidated in two hours as persistent inflation, rising oil prices and geopolitical tensions weigh on risk assets. https://t.co/9ddG56xiqT

    Open source
  5. CO

    CoindeskArticle 路

    Bitcoin dips below $80,000 as Samsung-led tech jitters and a hawkish Fed weigh on crypto Bitcoin fell below $80,000 as Samsung-driven tech weakness and a hawkish Fed hold triggered a broad risk-off move. Crypto futures saw $356 million in liquidations.

    Open source
  6. CO

    Cointelegraph@CointelegraphPost on X 路

    馃毃 REKT: Over $356M in crypto positions were liquidated in the past 24 hours as bitcoin:native fell below $80,000, with longs taking $207.7M of the hit. https://t.co/tKCOIGMxI3

    Open source