Bitcoin dropped to $79,842 — a 1.48% decline — as renewed U.S.–China tensions over Taiwan rattled risk appetite across global markets. Ethereum tracked the move, also shedding 1.48% to $2,268, while total crypto market cap slipped to $2.74 trillion. The Fear & Greed Index sits at 34, firmly in Fear territory, with the Altcoin Index at a weak 36/100 and BTC dominance holding elevated at 58.3% as capital rotates defensively into the market leader.
The macro pressure translated directly into forced selling: more than $400 million in liquidations were recorded in the past 24 hours, with spot ETF holders also heading for the exits. Spot Bitcoin ETFs saw a single-day net outflow of $635 million — one of the largest redemption prints of the current cycle — signalling that institutional hands are not immune to geopolitical shock.
On the infrastructure side, Fidelity International launched a…
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