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news-imageOctober 22, 2024

Bitcoin (BTC) Price Pulls Back from $70,000 Milestone as Market Sees $200M in Liquidations

Bitcoin's price pulled back from approaching $70,000 to below $67,000, triggering $200 million in market liquidations
Publisher: Blockonomi
Sentiment: Negative
BTC

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October 22, 2024

$200 Million in Crypto Destroyed on Market as Bitcoin Bulls Perish

There has been a dramatic retracing on the cryptocurrency market, with Bitcoin momentarily falling below the crucial $67,000 mark, leading to extensive liquidations. The liquidation of over $193 million in positions, the majority of which were long positions, suggests that the bullish momentum may be waning.

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Michael Saylor Wants To Give Away His Assets 'Just Like Satoshi Left A Million Bitcoin To The Universe:' 'I'm Leaving Whatever I've Got To The Civilization'

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Negative
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India leans toward Bitcoin ban, highlights benefits of CBDCs

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Negative
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Why Is the Crypto Market Down Today? Bitcoin At $67K

The crypto market just took a surprising dive after hitting a 3-month high, with the global market cap dropping by 2.2% to $2,34 trillion. Meanwhile, the leading cryptocurrency, fell below $67,000, showing a 2.7% decline. This nervousness has led to a short-term dip, causing a quick pullback as investors grow cautious.

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