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Bitcoin’s Sharp Decline Leads $1.4 Billion in Derivatives Liquidations
This crash marks one of the most dramatic dips for the cryptocurrency this month. The wider crypto scene didn’t fare much better, shrinking by 11.94% to a total market cap of $3.13 trillion.
The sell-off frenzy hit several altcoins hard, with GIGA, CVX, TEL, and GOAT suffering drops from 24% to 27% within the last day. This has left investors in disarray as a gloomy vibe spreads across the market.