$BTC Enter the global turmoil 📉🌩️

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

The digital asset has plummeted below the $55,000 mark due to a perfect storm of macro factors. Liquidation spiked, with a staggering $620 million wiped out in the past 24 hours, mainly affecting long positions, highlighting market jitters. 🙈

Investors are worried due to the upcoming US election, unpredictable interest rate fluctuations and escalating geopolitical tensions in the Middle East. 🤧😫

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