Bitcoin Hits 2-Month Low as Gold and Stocks Give Up Gains, Crypto Liquidations Top $800M
Summary
Bitcoin fell to a two-month low, dropping 5% to around $84,400, while Ethereum and Solana saw steeper declines of 6.4% and 6.8%, respectively. Over $800 million in leveraged crypto positions were liquidated, with nearly $700 million in losses from long positions. Gold and silver prices also declined, falling 0.6% and 0.8%. Microsoft shares dropped more than 12% to $422, despite beating earnings expectations, due to concerns over slowing cloud growth and capital expenditures. The Nasdaq Composite plunged over 2%, erasing much of its year-to-date gains, while the S&P 500 fell 1.1%.
