[Total Crypto Market Liquidations Reach $264 Million, Bitcoin Briefly Drops Below $78,000] Odaily Planet Daily News: On Tuesday, Bitcoin briefly dropped below $78,000, hitting a low of $77,603 before rebounding to around $78,600. As of 11:20 AM Eastern Time on Tuesday, its market capitalization was approximately $1.58 trillion. The recent price fluctuations triggered $79 million in Bitcoin position liquidations, with long positions accounting for about 90%. The total liquidation amount across the entire cryptocurrency market reached $264 million, including $187 million in long positions and $77 million in short positions. The U.S. Bureau of Labor Statistics is set to release the August Producer Price Index (PPI) and Consumer Price Index (CPI) on Thursday and Friday, respectively. (Bitcoin.com News)