<ul><li>Bitcoin's sudden drop to around $104,000 on May 30 led to over $827 million in liquidations, erasing more than $160 billion in market value within 24 hours.</li><li>The crash impacted not only Bitcoin but also Ethereum and Dogecoin, causing significant declines in their prices and affecting the broader crypto market.</li><li>BlackRock’s iShares Bitcoin Trust (IBIT) ETF, which tracks Bitcoin’s price, also experienced a sharp decline, highlighting the risks of volatility in institutional products.</li><li>The crash was triggered by a wave of uncertainty in global financial markets, exacerbated by geopolitical tensions, rattling investors' confidence and sparking debates on the future trajectory of Bitcoin.</li></ul>

Bitcoin Triggers $827 Million in Liquidations After Sudden Price Drop

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