2024-06-11 08:57:09

Bitcoin Faces Sharp Pullback at Crucial $70,000 Support, Triggers Massive Market Losses

Bitcoin faced a considerable struggle to break past the significant $70,000 resistance level last night. The swift decline that ensued led to a sweeping $80 billion reduction in the overall market capitalization of cryptocurrencies, influencing a range of altcoins. One noteworthy consequence was the liquidation surge in the futures market, which impacted around 75,000 investors.

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