Bitcoin (BTC) fell below $81,000 on Thursday, triggering nearly $1 billion in liquidations across the cryptocurrency market as rising oil prices and geopolitical tensions added to pressure on risk assets.

Bitcoin’s price touched an intraday low of $80,900 before recovering to around $81,100, leaving it down 2.8% over the past 24 hours. BTC was the top-trending ticker on Stocktwits at the time of writing, with retail sentiment in ‘bearish’ territory over the past day.

Bitcoin Selloff Spills Over Into Crypto-Linked Stocks

Large-cap crypto equities also took a hit amid the broader market drawdown. Strategy (MSTR), Coinbase (COIN), and Jack Dorsey-led Block (XYZ) each fell over 2% each in midday trade. USDC stablecoin issuer Circle…