Bitcoin Plummets Over 10% Amid $2.2 Billion Liquidation Wave
The cryptocurrency market is undergoing a significant downturn, with a staggering 8% drop in total market capitalization, now below $3 trillion. Bitcoin is at the forefront of this decline, experiencing a fall of over 10% and marking its worst monthly performance since the 2022 Terra Luna crash.
Liquidations have surpassed $2.2 billion, impacting over 400,000 traders, amidst concerns about rising global tariffs and economic instability. High-profile traders, including Owen Gunden, have opted to liquidate their holdings, reflecting a broader sentiment of fear and uncertainty within the market.
Investors are increasingly retreating to safer assets, leading to unprecedented volatility and questioning the long-term viability of cryptocurrencies. As confidence dwindles, the landscape appears increasingly precarious for crypto enthusiasts.
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