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Title: BTC, ETH, DOGE Crash Amid $1B Crypto Liquidation
The cryptocurrency market has taken a drastic turn, with over $1 billion in liquidations within the past 24 hours. The crash has seen Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) plummeting significantly.
Bitcoin’s sharp decline below the psychological level of $100,000 has left investors bracing for further losses. The cryptocurrency’s inability to hold onto this key level has led to a 7.8% drop from its all-time high of $108,353, potentially targeting the $91,500 support level and risking a deeper drop towards $85,000.
The bearish sentiment that has gripped the market is largely attributed to the Federal Reserve’s hawkish policy signals, which have instilled fear in investors. The loss of momentum by Bitcoin has led to further erosion of bullish sentiments, resulting in increased selling pressure.
Source: coinchapter.com
