Bitcoin Falls to $81,000 as Market Turmoil Continues

Bitcoin Price Experiences Sharp Decline

Bitcoin (BTC) continued to show a rapid decline on Thursday evening, dropping to $81,000. This drop has caused panic among investors, leading to a negative day for the market.

Liquidations and Economic Impacts

In just one hour, $777 million worth of leveraged crypto long positions were liquidated. This situation created further uncertainty in the market and increased investors' concerns.

Political Developments and Market Reactions

Additionally, U.S. President Donald Trump's statements have increased the odds of Kevin Warsh being the next Federal Reserve (Fed) chair. This disappointed some investors who hoped for the selection of Rick Rieder, seen as a more dovish figure.