Bitcoin Drops Under $76,000 After $2,000 Slide as Longs Unwind Tuesday

On Tuesday morning, bitcoin fell about $2,000 in roughly three hours, slipping under the $76,000 support area after topping $78,000 earlier in the session. The move followed reports of military exchanges involving U.S. and Iranian forces in the Strait of Hormuz and was accompanied by nearly $350 million in crypto-market liquidations, including $73 million in BTC long liquidations.