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Bitcoin Drop Triggers $581 Million Flush in Leveraged Crypto Bets
Bitcoin fell about 3% to near $78,000 in Asian morning trading Saturday, erasing its gains from the past week as global markets repriced the path of interest rates. The move reversed a brief push above $82,000 and pulled the broader crypto market lower. Solana dropped 5% to $86.98 and is now down 7% over the past 7 days. XRP fell 4.3% to $1.41, while Ether lost 3.3% to $2,189, taking its weekly decline to 5.3%. BNB held up better than other major tokens, falling 3.9% on the day while remaining up 1.1% over the past week. Dogecoin slipped 4.2% to $0.1095. The sell-off was not isolated to crypto. Risk assets weakened ... (full story)
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