Bitcoin Faces Steep Decline: Liquidation Volume Peaks as Price Nears $50,000
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In the past four days, Bitcoin has witnessed a substantial decline, shedding over 25% of its value. The significant drop has brought the cryptocurrency's price close to the $50,000 mark.
The increase in liquidation volume has peaked to levels not seen since April, indicating heightened market anxiety. This trend underscores the volatility and inherent risks associated with Bitcoin investing.
As investors react to the declining prices, the market's response in the coming days will be critical in determining the short-term trajectory of Bitcoin.
Source: en.coinotag.com ↗
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