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However, recent report warnings of widespread rejections have caused a shift in sentiment leading to Bitcoin's dramatic price drop, resulting in the staggering $540 million Bitcoin briefly fell below $100,000, retreating from its near all-time high. According to data from CoinGlass, a total of $1.18 billion was liquidated from nearly 406,000 traders, with $921 million Bitcoin (BTC) plummeted at around 4:19 am UTC on July 5, hitting its lowest level since late February, according to TradingView. Additionally, cryptocurrency liquidations Hace 23 horas Bitcoin and Ethereum lead $724M in 24-hour crypto liquidations. Crypto market cap drops to $3.33 trillion after sharp price dip. Thousands of traders liquidated amid high Amid the bearish price action, over $537 million from 156,155 traders have been liquidated in the crypto market over the past 24 hours, suggests data from Coinglass.

Bitcoin Falls as $540M Liquidated from Crypto Market in 4 Hours: What's Happening?

Bitcoin (BTC) plummeted at around 4:19 am UTC on July 5, hitting its lowest level since late February, according to TradingView. The dramatic price drop resulted in the staggering $540 million liquidated in just 4 hours. Bitcoin briefly fell below $100,000, retreating from its near all-time high.

What caused this sudden downturn? However, recent report warnings of widespread rejections have caused a shift in sentiment leading to Bitcoin's dramatic price drop. This fear, uncertainty, and doubt (FUD) seemingly triggered a cascade of selling pressure.

$1.18 Billion Liquidated Overall

According to data from CoinGlass, a total of $1.18 billion was liquidated from nearly 406,000 traders. Of that, $921 million was from Bitcoin alone, highlighting the cryptocurrency's significant impact on the overall market.

Bitcoin and Ethereum Lead Crypto Liquidations

Bitcoin and Ethereum lead $724M in 24-hour crypto liquidations. Crypto market cap drops to $3.33 trillion after sharp price dip. Thousands of traders liquidated amid high volatility.

More Recent Data: $537 Million Liquidated in 24 Hours

Amid the bearish price action, over $537 million from 156,155 traders have been liquidated in the crypto market over the past 24 hours, suggests data from Coinglass. This demonstrates the ongoing volatility and risk inherent in cryptocurrency trading.

Key Takeaways:

  • Bitcoin experienced a significant price drop.
  • Over $540 million was liquidated in 4 hours.
  • Report warnings fueled negative sentiment.
  • The broader crypto market saw over $1.18 billion liquidated.

Disclaimer: Cryptocurrency investments are highly volatile and carry significant risk. This information is for informational purposes only and should not be considered financial advice.

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