Bitcoin Drops Below $81K, Triggering Nearly $1B Crypto Liquidation Wave: Crypto Stocks Fall With AI Infrastructure Plays

• CoinGlass data showed crypto liquidations hitting $974 million, including $896 million in long positions.

• Ethereum led liquidations with $311 million, followed by Bitcoin at $238 million.

• Solana and Dogecoin led the slide among cryptocurrency majors, with Bitcoin outperforming the top 10 cryptocurrencies by market capitalization.

Bitcoin (BTC) fell below $81,000 on Thursday, triggering nearly $1 billion in liquidations across the cryptocurrency market as rising oil prices and geopolitical tensions added to pressure on risk assets.

Bitcoin's price touched an intraday low of $80,900 before recovering to around $81,100, leaving it down 2.8% over the past 24 hours. BTC was the top-trending ticker on Stocktwits at the time of writing, with retail sentiment in 'bearish' territory over the past day.

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Bitcoin Selloff Spills Over Into Crypto-Linked Stocks

Large-cap crypto equities also took a hit amid the broader market drawdown. Strategy (MSTR), Coinbase (COIN), and Jack Dorsey-led Block (XYZ) each fell over 2% each in midday trade. USDC stablecoin issuer Circle (CRCL) dipped as much as 1.5%.