Bitcoin plunge
Bitcoin has fallen below $97,000 while Ethereum, Solana, and Cardano have each experienced an 8% decline, coinciding with significant liquidations. The cryptocurrency market faced a notable shift as $880 million in bullish bets were liquidated, exacerbating the downturn in prices. Traders who had placed optimistic positions found their investments impacted, resulting in widespread selling. This recent downturn reflects the volatility that often accompanies major fluctuations in the cryptocurrency sector. The combined effects of lower prices and liquidated positions indicate a challenging environment for many investors.
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