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Bitcoin Below $90,000, Here’s Next Major Level
The cryptocurrency market is facing significant turmoil as the net volume of liquidations in crypto exceeds $700 million, according to CoinGlass data. This staggering figure has been exacerbated by a recent four-hour period where $300 million was wiped out, further emphasizing the gravity of the situation.
Bitcoin (BTC) prices have also been affected, plummeting to $89,500 before recovering slightly to $92,500. As a result, both bulls and bears are likely experiencing significant pain.
In this turbulent market environment, it is crucial for investors to keep an eye on key levels that could dictate the next course of action for Bitcoin’s price trajectory.
Source: u.today
