Bitcoin Crashes Below $80K Triggering $2.55 Billion Liquidation Event Amid Macro Headwinds

TLDR: Bitcoin’s weekend crash below $80K triggered $2.55 billion in liquidations, the tenth largest event ever.  Kevin Warsh’s Fed nomination, weak Microsoft earnings, and precious metals flush drove the sell-off.  Silver plummeted 26% intraday while gold dropped 9%, triggering CME Comex circuit breakers on Friday.  Current bear market lacks structural damage, potentially enabling faster recovery [...]

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