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Top 5 Crypto News
1. **Bitcoin Plunges Below $80K Amid Massive Market Sell-Off**: BTC dropped over 5% to $78,479, triggering $2.5B in liquidations—the worst since April 2025. Ethereum fell 12% to $2,396, erasing $220B from the crypto market cap.
2. **Bitcoin Hashrate Drops 12% in Worst Drawdown Since China Ban**: A severe U.S. winter storm forced miners to curtail operations, slashing hashrate, output, and margins to multi-month lows.
3. **Solana DeFi Platform Step Finance Hit by $27M Treasury Hack**: The platform suffered a major exploit, causing its STEP token to crater 80%.
4. **Bitcoin ETFs See $1.82B Outflows, Extending Four-Day Streak**: U.S. spot BTC and ETH ETFs recorded the third-worst monthly outflows on record, with BTC stalling near $83K before the crash.
5. **MicroStrategy's Bitcoin Holdings Now Underwater**: Michael Saylor's firm holds BTC at an average $38K cost, but current prices put the stack in the red.
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