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The crypto market has seen $1 trillion in value erased in this month's plunge into bear territory
The latest downward moves in crypto have now erased more than $1 trillion in market value since early October, when the crypto market cap was about $4.2 trillion. On Thursday, that figure was under $3 trillion. On October 10, a massive liquidation event unexpectedly sent crypto markets into free fall. It marked the largest bitcoin liquidation in history, as investors offloaded $19 billion in leveraged positions; however, some estimates suggest the true number is closer to $30 billion. Over a month later, conditions haven't improved, and bitcoin's slide has pulled other coins down with it. Bitcoin was trading at ... (full story)
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