Cryptocurrency liquidations surge to $1.7 billion as market volatility intensifies
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According to CoinWorld, within 24 hours, the cryptocurrency market experienced a liquidation wave totaling nearly $1.7 billions, with bitcoin prices plummeting and losses reaching as high as $768.69 millions. The total market capitalization dropped by 6%, and both bitcoin and ethereum fell to their lowest points in two months. The Crypto Fear & Greed Index plunged to 16, indicating extreme market panic, while escalating geopolitical tensions and increased whale sell-offs further intensified this fear.
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