The past 24 hours in the crypto market have been nothing short of a rollercoaster! Bitcoin (BTC) took the lead, initially crashing below $56,000, causing a massive $100 billion market-wide drop. ๐ฅ
But the BTC bulls didn't back down! ๐ช They pushed the price back up to over $58,000, recovering most of the losses. Unfortunately, the momentum couldn't hold, and BTC slipped once again, stabilizing around $57,000.
This wild volatility resulted in a staggering $100 million in liquidations, with Bitcoin accounting for $31 million of that. ๐ธ
Despite all the chaos, BTC continues to be the guiding light for crypto believers! ๐
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