Bitcoin Sell-Off Deepens — Nearly $200B Erased From Market

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Bitcoin's price lost almost $6K in a couple of hours as broader crypto markets sell off.

Bitcoin’s price dropped by close to $6,000 a few hours ago, decreasing from over $91,000 to almost $85,000 on Binance.

The sharp decline happened in less than a few hours, leaving over $650 million worth of liquidated positions – a stark 390% increase as opposed to the previous 24 hours.

the market was attempting a slow recovery, and Bitcoin had somewhat settled around $91,000. Unfortunately, the bears had something completely different in mind.

As you can see from the heatmap below, altcoins are also bleeding out. In fact, their losses are, as per usual, larger than BTC’s.

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