Bitcoin, the leading digital currency, took a nosedive to $64,000, its lowest level in over a month. This dramatic plunge triggered nearly $500 million in liquidations, affecting over 190,000 traders. The ripple effect was felt across the market as altcoins also suffered substantial losses, leading to a widespread financial fallout.

A Rocky Start to the Week

Bitcoin began the week on a relatively quiet note, with its price hovering around $66,000.&middot

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