Why is Bitcoin Falling? ETH And XRP Prices Crash As $60 Billion Leaves Crypto
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Bitcoin dropped to $68,617, its lowest level in three months, as roughly $60 billion exited the crypto market and hundreds of millions of dollars in leveraged positions were liquidated within an hour. XRP slid to the $1 mark amid the broad decline. The scale of the liquidation and the multi-month low in bitcoin point to deleveraging rather than an isolated single-token event, with losses spanning major assets. Traders will watch whether bitcoin holds above the $68,000 area and whether leveraged exposure continues to unwind across ETH and XRP.
Muhabbit's AI wrote this summary in its own words from Coinpedia's report. It can get details wrong, so check the source.
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