BREAKING: Bitcoin falls to its lowest price since August, erasing nearly 3 months of gains.
Bitcoin dropped as low as $72,677 today, below where it closed on August 20.
It had climbed as high as $87,374 on September 21.
It is now down nearly 16% from that peak.
The drop came after US inflation came in hotter than expected.
$711 MILLION in crypto positions were liquidated over the last 24 hours, per CoinGlass.