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Bitcoin falls below $65,000, continuing a week-long decline

CryptoProwl +1 · ·by G4L

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  1. 1Bitcoin fell below $65,000 on Saturday, recording a trading price of $64,595.23.
  2. 2U.S. spot Bitcoin ETFs recorded $1.07 billion in net outflows last week, marking more than $1 billion in outflows for two consecutive weeks.
  3. 3Leveraged traders suffered significant losses as more than $1.2 billion in positions were liquidated within 24 hours.

So what's the key point?

Bitcoin prices dropped below $65,000. Money flowed out of Bitcoin-linked products and investors experienced large losses.

Source CryptoProwl +1 · View original ↗

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