Crypto market decline deepens: $386M liquidated, Bitcoin nears $77,000

Crypto traders woke up to another red morning as the broader crypto market decline deepened, dragging Bitcoin back below $77,000 and wiping out gains that had briefly lifted the sector days earlier. The pullback wasn’t isolated to one token. Nearly every major digital asset slipped in tandem, a pattern that points to something bigger than a routine dip: a wave of risk aversion spilling over from oil markets, bond yields, and shifting expectations about the Federal Reserve’s next move.

Key takeaways

• Bitcoin fell from $78,500 to roughly $77,000 within 24 hours, part of a broader crypto market decline.
• Total crypto market capitalization dropped 1.55% to $2.62 trillion, even as trading volume rose 3.1% to about $84.3 billion.
• XRP, BNB, Solana, and Hyperliquid all posted losses, while Raydium, ether.fi, Aptos, and Polkadot bucked the trend with gains.
• Rising oil prices, a stronger FED rate hike outlook, and hot inflation data are pressuring risk assets, including crypto.
• Bitcoin ETF outflows hit $166.8 million over two sessions, while more than $386 million in leveraged positions got liquidated.

Crypto Market Faces Broad Selling Pressure

Bitcoin’s slide from $78,500 to around $77,000 in a single day sums up the mood across digital assets right now. The Bitcoin price drop isn’t happening in a vacuum — it’s tracking a market-wide retreat that has pushed total crypto capitalization down 1.55% to $2.62 trillion.