Bitcoin Price Falls as Fourth Halving Looms: Market Analysis and Insights
Tuesday, 2 April 2024, 11:22
Bitcoin Price Volatility
The recent turbulence in the cryptocurrency market led to a significant drop in Bitcoin's value, dipping below the $66,000 mark. This sudden price decline has sparked discussions about the impact of halving events on the market.
Derivatives Market Fallout
In the aftermath of this downturn, the derivatives markets witnessed a substantial liquidation of long positions in Bitcoin, totaling $135.3 million, resulting in significant losses for traders and investors.
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