BusinessBitcoin Falls Amid $550 Million Crypto Liquidation Wave
Bitcoin and other cryptocurrencies dropped sharply due to a $550 million liquidation wave triggered by forced selling and broader financial market concerns. Bitcoin fell up to 2.4% to $83,583, Ether dropped 3.9% to $2,594, and XRP and Solana declined over 3%. Most liquidations were long positions, forcing traders to close leveraged bets, increasing market pressure.
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