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Crypto Liquidations Surge as Bitcoin Falls Below $74K. How Bad Is It?

By Mohammad Shahid

Bitcoin plunged toward $74,000 late Sunday as another wave of forced selling swept through crypto markets. The latest crash comes as investors face several warning signs that the downturn could deepen. Bitcoin touched $73,708, its lowest since August, while Ethereum fell to $2,100. CoinGlass data showed $855.69…

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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