Bitcoin erases post-election gains as Wall Street selloff hits $1B in liquidations

Key points

• Bitcoin has erased its post-election gains following a sharp selloff on Wall Street that triggered over $1 billion in liquidations across the market.
• The sudden drop highlights how vulnerable digital assets remain to broader financial market trends, emphasizing the growing interconnectedness between traditional equities and the cryptocurrency sector during periods of heightened market volatility.

Summarized automatically by Kryptokite from reporting by Crypto Briefing. Read the original sources for full detail.