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Bitcoin (BTCUSD) Dives Below $63K as Hawkish Fed Triggers Massive Liquidations

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The Story

News Summary

  • The cryptocurrency market plummeted as a hawkish Federal Reserve stance triggered over $200 million in long liquidations, sending Bitcoin below $63,000.
  • Extreme fear dominates the market as traders eye key technical support at the $2.1 trillion total market capitalization level and upcoming CPI data.
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BTCUSD price history

76758.09 +13.79% over the displayed period

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