Bitcoin Plunges to 10-Month Lows, Loses $111 Billion Amid Crypto Sell-Off

• Bitcoin prices fell below the $80,000 mark, reaching their lowest level in 10 months.
• The cryptocurrency lost another $111 billion from its total value in 24 hours, according to CoinGecko.
• Other digital assets like Ether and Solana experienced even steeper losses, down over 17%.
• Over $1.6 billion in long and short positions were liquidated, primarily in Bitcoin and Ethereum.
• Market participants question Bitcoin's role as a hedge, with geopolitical risks driving investors to Gold and Silver instead.

Why It Matters: Bitcoin hit a 10-month low, losing significant value as the broader crypto market faces a major sell-off.