BITCOIN DROPS BELOW $81,000 AS RISK-OFF SENTIMENT HITS ASIAN EQUITIES

Summary from the TLDR Crypto newsletter

BTC fell 3.6% to $80,764, and ETH fell 6.5% to $2,353 over 24 hours. Zcash dropped 12.8%, Solana 4.8% and XRP 4.7%. The sell-off followed a hotter core CPI print (inflation at 3.7%), which revived higher-for-longer rate fears. Asian equities fell harder: Kospi -8% (Samsung and SK Hynix down over 9%) and Nikkei -5.2%. CoinGlass shows $951.4M in liquidations, $876.3M of them longs.