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Bitcoin abruptly crashes below $77,000
May 18, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan
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AI Overview
Bitcoin plunged below $77,000 to $76,901 after a brutal one-hour wipeout that liquidated about $600 million of leveraged positions in 60 minutes, forcing many traders out. The broader crypto market turned red and U.S. spot Bitcoin ETFs were hit, underscoring elevated market volatility and liquidation risk for leveraged traders.
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Bitcoin dropped under $77,000 and traded at $76,901 after a brutal one-hour wipeout hit the crypto market. About $600 million in positions were liquidated in 60 minutes, forcing leveraged traders out fast while the broader market turned red, according to data from Coinglass. The pain was clear in U.S. spot Bitcoin ETFs. Last week, those...
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In This News
Coins
$ 64.35K
+2.22%Predictions Markets
See what traders are focused on
Share: