Bitcoin (BTC) Takes a Hit The world's largest cryptocurrency by market capitalization, Bitcoin (BTC) saw its price drop by over $500 in a matter of minutes. The sudden decline caused a cascade of liquidations on major exchanges, with a total of $200 million in long positions being wiped out. BTC is currently trading at around $7,500, down from its recent highs of $8,000. The market sentiment has turned bearish, with many traders predicting further downside for BTC. Ethereum (ETH) Follows Suit The second-largest cryptocurrency by market capitalization, Ethereum (ETH) also saw a sharp decline, dropping by over 10% in a matter of minutes. The decline in ETH price resulted in over $40 million in liquidations on major exchanges. ETH is currently trading at around $240, down from its recent highs of $270. Many analysts believe that ETH could continue its decline as the overall market sentiment remains negative. Altcoins Suffer as Well The cra...
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