A crypto crash is happening today, May 18, with Bitcoin leading the charge, amid rising liquidations and bond yields. Bitcoin price dropped to $76,500, its lowest level in three weeks.

Most altcoins were in the red, with Bitcoin Cash (BCH) falling by 7.30% and Terra Luna Classic (LUNC), Pi Network (PI), and World Liberty Finance (WLFI) plunging by over 5%. The market capitalization of all coins dropped by 1.36% to $2.56 trillion.

Crypto market pulled back today | Source: CMC

Crypto crash triggers leads high liquidations

The ongoing crypto market crash has triggered a surge in liquidations as many traders have been caught off guard. Liquidations jumped by 42% in the last 24 hours to $661 million.

Ethereum positions worth over $257 million…