Bitcoin Drops to Just Above $61,000, Triggering $1.61B Liquidations in 24 Hours

Bitcoin slid to just over $61,000 on Bitstamp, marking its first dip to that level in four months and extending the latest downturn. The move fueled $1.61 billion in liquidations over the past 24 hours, with more than 270,000 traders wiped out and $1.35 billion coming from long positions.