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Bitcoin Sinks Below $78,000 as Fed Rate Hike Fears Trigger Liquidations

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The Story

News Summary

  • Bitcoin retreated below $78,000 following hawkish Federal Reserve rate hike expectations and rising Middle East geopolitical tensions.
  • Crypto liquidations reached $390 million alongside spot ETF outflows, weakening short-term technical momentum while the broader multi-week recovery structure attempts to hold key support levels.
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