🚨 MAJOR CRYPTO TURBULENCE: BITCOIN PLUNGES 8% BELOW $62K BEFORE IMPRESSIVE RECOVERY! 😱📉

Saturday saw a wild ride for Bitcoin (BTC) and the broader crypto market. BTC briefly dipped below $62,000 but bounced back to around $64,000 later on.

But it wasn't just Bitcoin; Ether (ETH) also took a hit, dropping 7% below $3,000. Meanwhile, BNB (BNB) and Solana (SOL) saw significant declines of 9% and 12% respectively, according to CoinGecko.

The DeFi sector felt the heat too, with depressed prices leading to liquidations, particularly affecting protocols like Ethena.

What caused this chaos? Former BitMEX executive Arthur Hayes warned of a looming liquidity crunch ahead of the April 15 U.S. tax deadline, predicting downward pressure as liquidity dries up.

Geopolitical tensions added to the mix as Iran launched strikes against Israel. However, signs of potential de-escalation offered some relief to the crypto market.

In times of uncertainty and volatility, hold on tight for the crypto rollercoaster ahead! 🎢💥

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