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“Crypto is on edge” as bitcoin dips below $77,000 and ETFs see $1 billion in weekly outflows
Bitcoin sank under $77,000 on Monday morning, its lowest level in two weeks as uncertainty about the war with Iran puts pressure on risk assets. “Crypto is on edge. The current issue is not a lack of liquidity, but rather that capital is waiting for clearer direction from geopolitical developments, US rate expectations, and upcoming regulatory signals,” Dean Chen, a Bitunix analyst, told Sherwood News. Crypto liquidations reached over $724.4 million in the past 24 hours with bitcoin suffering over $202 million in liquidations, with the bulk of them — $177 million — in long positions, per CoinGlass. Meanwhile, ... (full story)
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