Bitcoin Plunges Over $780 Million Amid Broad Crypto Selloff Triggered by SEC Scrutiny and Halving Jitters

• Bitcoin dropped by the most in over a month, triggering liquidations of bullish crypto bets worth $780 million • Ethereum fell as much as 12%, its biggest drop since November 2022, amid SEC scrutiny • Solana, Cardano, and Polkadot plunged around 12-15% as crypto selloff cascaded • Bitcoin rout comes despite optimism around upcoming "halving" event to reduce supply • Options data shows traders growing nervous ahead of Bitcoin halving event in April