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HomeFinance NewsCrypto Bulls Face $440M in Liquidations Amid Bitcoin Slump

Crypto Bulls Face $440M in Liquidations Amid Bitcoin Slump

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The recent slump in Bitcoin prices has left crypto bulls staring at a staggering $440 million in liquidations. As the cryptocurrency market experiences a downturn, altcoins have shown some resilience with a 5% increase, in contrast to Bitcoin’s slide. Amidst the crypto bloodbath, $500 million has been destroyed, leaving many questioning if this marks the end of the bull market.

In the midst of these market fluctuations, BOME, a new player in the crypto space, has made a significant impact with a blast off. As Bitcoin traders closely monitor the situation, they are focusing on the $60,000 price support level to gauge the market’s stability. The emergence of a ‘huge’ futures gap further adds to the uncertainty surrounding the future movements of Bitcoin and other cryptocurrencies.

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