Crypto market drops as Nasdaq tech selloff spills into digital assets
CoinDesk·
60-second summary
The crypto market is experiencing a significant downturn as the Nasdaq tech selloff spills into digital assets, with Bitcoin losing 2.5% to $62,300 and ether plummeting more than 4%. The market is witnessing $717 million in liquidations, exacerbating losses across altcoins, as investors reassess their portfolios and tech stocks continue to decline.
Bitcoin lost 2.5% to $62,300 and ether fell more than 4% while $717 million in liquidations amplified losses across altcoins.