Bitcoin Plunges 14% Amid Recession Fears: $1 Billion Liquidations Shake Crypto Market
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Bitcoin's price took a significant hit, plunging by 14% due to heightened economic uncertainty and fears of a recession. The downturn in global economic conditions, exacerbated by weak job data, has affected multiple markets. This situation caused a massive $1 billion in liquidations within the crypto market, shaking the confidence of investors.
On-chain data analysis further suggested that Bitcoin might see additional downward pressure. The recent economic indicators have created a ripple effect, impacting sentiment and trading behaviors across the cryptocurrency ecosystem.
Sumber: en.coinotag.com ↗
Artikel Serupa (109)
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