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Bitcoin Price Fell Below $64,000 Over the Weekend
(5 hours ago) · 1 source · Summarized by CryptoBipto
Bitcoin dropped below the $64,000 level over the weekend, triggering a wave of liquidations among leveraged long positions. The price decline resulted in significant losses for traders who had placed bets on continued upward movement.
WHY IT MATTERS
When you hear about "leveraged" or "bullish bets" being wiped out, it refers to traders who borrowed money to make bigger bets on Bitcoin's price going up.
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SOURCES
- cryptoslate.com
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