Over the weekend, the cryptocurrency market witnessed a wave of selloffs, leading to record liquidations totaling over $1.2 billion in Bitcoin long positions alone. Bitcoin, which had been trading close to the $62,000 mark, saw a significant drop, while Ethereum neared a precarious dip below $3,000. This downturn sent ripples across the market, causing a 4.00% decline and lowering the total market capitalization to $2.38 trillion.·
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