Bitcoin’s recent price turbulence has set off a wave of liquidations across the cryptocurrency market, with over $220 million worth of positions being liquidated in just 24 hours. The leading cryptocurrency experienced a sharp decline, falling from a peak of $70,000 earlier this week to a current low of $63,300. This drastic drop has not only shaken Bitcoin’s holders but also significantly impacted alternative coins, compounding the chaos in the market.·
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