Bitcoin erases post-election gains as Wall Street selloff triggers over $1 billion in crypto liquidations
AI summary
Bitcoin dropped 6% to $75,700, erasing all of its gains since the US election, while ether fell 7%. A broader Nasdaq selloff spilled into crypto and triggered $1.03 billion in liquidations across leveraged positions. The wipeout of post-election gains and the scale of forced selling signal fragile positioning that traders will watch for further downside.
Narrative history
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2H AGOYou’re reading thisBitcoin erases post-election gains as Wall Street selloff triggers over $1 billion in crypto liquidationsThe Block · Score 78
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6H AGOCointelegraph · Score 65 · via post-election gains, post-election post-election
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6H AGOCrypto Briefing · Score 78 · via $77K tech, drops $77K
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7H AGOBitcoin.com News · Score 65 · via erases post-election, post-election gains
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7H AGOCrypto Briefing · Score 65 · via slides, cascading
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22 OCT · 09:37Crypto Briefing · Score 65 · via $210M, $210M longs
