Unveiling the Crypto Downturn ? Caution: Trap Alert! Bitcoin (BTC) swiftly plunged 10% from its $69,200 peak, succumbing to intense sell-offs on exchanges. Massive orders, including a $20 million transaction for 300 BTC at $69,000, created formidable resistance, sending Bitcoin below $60,000.?To Get Reward see Quote post ? The CoinDesk Bitcoin Index (XBX) briefly soared to an all-time high of $69,208 before a sudden $1,000 drop in just one minute. Despite hitting a low of $59,700, Bitcoin bounced back to $62,800. Bitcoin's retreat lagged behind Ethereum (ETH) and Solana (SOL). Altcoins like Cardano (ADA), Dogecoin (DOGE), and Shiba Inu (SHIB) faced losses of 10% to 12%. Sharp price swings triggered massive liquidations, wiping out over $1.1 billion in derivatives trading positions across digital assets in the past 24 hours. Most were long positions, betting on rising prices. Tuesday's events echoed Thanksgiving 2020, highlighting the cryptocurrency market's volatile nature and susceptibility to abrupt reversals.

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