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Tag: liquidations

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Bitcoin drops below $54K as crypto liquidations near $665M

Around $222 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February. Bitcoin hit a four-month low of $53,499 on Coinbase as news of Mt. Gox’s latest cold wallet transfer hit the markets. Bitcoin (BTC) plummeted at around 4:19 am UTC on…
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Bitcoin’s sudden 7% retreat sees $660M in liquidations in 1 day

Some suggest a waning ETF narrative and economic data from the United States may have sparked the sudden crypto sell-off. The price of Bitcoin plunged amid a hectic day that saw crypto liquidations top $661 million over the past 24 hours, affecting nearly 200,000 traders. In early trading on March 15, Bitcoin shed 7.5% in just…
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