Crypto Markets Plummet: Bitcoin Drops Below $80,000 Amidst Broad Stock Market Decline

Bitcoin prices plummeted below the crucial $80,000 mark for the first time since March 11, reaching a trading level just shy of its previous record-low of around $78,000. This crash is being felt across the cryptocurrency market with Ethereum and other altcoins experiencing significant losses as well. Notably, trading data revealed over $200 million in crypto positions were liquidated within just an hour due to sudden price drops which led to forced selling by leveraged traders.