Bitcoin briefly fell below $75,000 as more than $1 billion in leveraged crypto positions were liquidated within 24 hours. Ethereum hit a 10-week low, while XRP suffered the steepest drop among the largest cryptocurrencies, amid stock-market weakness, ETF outflows and regulatory uncertainty.

Crypto Crash: Why Bitcoin, ETH, XRP and SOL Fell came into focus Friday as Bitcoin briefly traded below $75,000 and more than $1 billion in leveraged crypto positions were liquidated within 24 hours.

The sell-off erased the post-election rally and came as technology stocks weakened, funds flowed out of exchange-traded products and traders reassessed regulatory…