Daily Market Update: Stocks Fall and Bitcoin Crashes to $81K Triggering $1.7 Billion Crypto Wipeout

TLDR Bitcoin fell to $81,000 triggering $1.68 billion in crypto liquidations with long positions accounting for 93% of losses Stock futures declined 0.5-0.7% as investors await Trump’s Friday announcement for new Fed chair pick Microsoft stock plunged 10% on cloud growth concerns while Apple gained 1% after beating earnings expectations Hyperliquid exchange saw $598 million [...]

The post Daily Market Update: Stocks Fall and Bitcoin Crashes to $81K Triggering $1.7 Billion Crypto Wipeout appeared first on Blockonomi.