Crypto Update: Market Loses $800 Million, Bitcoin Below $53K
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The crypto market saw a major decline in the past 24 hours, with Bitcoin (BTC) dropping below $53,000. Over $800 million was liquidated, including $46.13 million in the past hour alone. Data from Coinglass indicates $166.27 million was liquidated in the past 4 hours and $678.62 million overall, leading to a significant market shake-up.
This decline affected several major cryptocurrencies including TON, SOL, and ZRO, contributing to the overall drop in market value. The rapid liquidations highlight the volatility and risks inherent in the crypto market.
The recent crash underscores the importance for investors to remain vigilant and consider the potential for quick market turns. As the crypto landscape continues to evolve, these events serve as stark reminders of the unpredictable nature of digital assets.
Source: coinedition.com ↗
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