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Cryptocurrency market: today prices are down and strong liquidations Cryptonomist 28 aug. 2024

Cryptocurrency market: today prices are down and strong liquidations 📉

Bitcoin

Bitcoin experienced a significant drop, losing 6% of its value within an hour. This rapid decline was primarily caused by the automatic liquidation of long positions worth $110 million.

The event underscores the volatility in the cryptocurrency market, highlighting the risks associated with highly leveraged trading.

Bron: en.cryptonomist.ch ↗

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