$BTC Takes a Dive Amidst Global Uncertainty 📉🌩️

#Bitcoin is facing a serious downturn as global markets grapple with increased risk aversion. This week's losses for the world's largest cryptocurrency are the most significant since the catastrophic collapse of FTX in 2022. 🤮

The digital asset has plummeted below the $55,000 mark, driven by a perfect storm of macro factors. Soaring liquidations, with a staggering $620 million wiped out in the past 24 hours, primarily affecting long positions, highlight the market's jitters. 🙈

Investors are on edge due to the looming U.S. election, unpredictable interest rate movements, and escalating geopolitical tensions in the Middle East. 🤧😫

This toxic combination is fueling market volatility and eroding investor confidence. DYOR! #cryptocrash #marketvolatility #FTX