Bitcoin (BTC) is trading below $77,000 at press time on Monday, extending a four-day decline for a bearish start to the week. The freefall in King Crypto triggered liquidations of over $500 million in long positions in 24 hours, inducing fear in investor sentiment. Meanwhile, the altcoins Quant (QNT) and Bitcoin Cash (BCH) are leading the decline over the last 24 hours, approaching key support levels. 

Bearish grip tightens as crypto long liquidations exceed $550 million

Bitcoin extends losses for the fourth straight day after the CLARITY Act gains on Thursday, as the Senate Banking Committee advanced it for a final full-Senate vote. The sell-off phase has resulted in over $657 million in total liquidations, led by $584 million in long…