Bitcoin's price has fallen below $80,000 following a sharp 4% decline within 24 hours, driven by a $1.6 billion liquidation of long futures positions. US Bitcoin ETFs managed by major firms saw $1.5 billion withdrawn amidst geopolitical concerns and fears over a US government shutdown. Other major cryptocurrencies like Ethereum, XRP, and Solana also suffered significant losses alongside tech stock selloffs.

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