Bitcoin experienced its lowest point in over two weeks, dropping to $76,711 as global macro risks from the US-Iran conflict prompted traders to reduce positions. This downturn saw significant liquidations of bullish bets across cryptocurrencies, with Bitcoin's price falling below a key support level.

A long-skewed liquidation cascade flushed leverage across the major tokens overnight, with the move tracking a global bond selloff and the worst session for U.S. stocks since…

Bitcoin slips under $78,000 as escalating U.S.-Iran tensions spark a $700 million crypto liquidation event.