Bitcoin price falls to $65K as $400M crypto market liquidation rocks BTC and altcoins

2024-04-12 21:51:20

This content discusses the impact of leverage and volatility in cryptocurrency trading, leading to significant losses and liquidations among traders.

[📉] Bitcoin’s price plummeted 5% in under an hour on April 12th, causing losses.
[💰] Over $49 million worth of losses followed, affecting many traders.
[💸] $417 million in leverage positions were wiped out in a single hour.
[📉] Liquidations reached a staggering $860 million total.
[📉] Rising interest rates and inflation concerns contributed to the market jitters.
[🌍] Geopolitical tensions added to the uncertainties in cryptocurrency trading.

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