Bitcoin, the leading digital asset, faced a tumultuous turn of events as its price plummeted to a weekly low of $65,000, causing significant distress among investors. This bitcoin crash, marking a setback after a period of remarkable gains, sparked a flurry of liquidations exceeding $500 million.

Market Turmoil

The digital assets market was rattled by the sharp decline in bitcoin prices, with altcoins also experiencing substantial losses. Many altcoins plunged by more than 30%. The broader altcoin market mirrored bitcoin’s downward trajectory, amplifying unease among investors.

Bitcoin fell 13% to $65,000, and partially recovered — TradingViewBitcoin Crash Causes Liquidation…

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