Bitcoin experienced a sudden plunge to $108,762 in a rapid market downturn, wiping out several weeks of accumulated profits in an instant.
Within just 24 hours, the cryptocurrency sector faced a staggering $935 million in liquidations, highlighting the extreme volatility currently gripping digital assets.
This sharp correction underscores the unpredictable nature of crypto markets, where swift price swings can lead to significant financial repercussions for traders and investors alike.
As of mid-2024, Bitcoin continues to demonstrate high sensitivity to market sentiment and macroeconomic factors, with experts advising caution amid ongoing regulatory developments and shifting investor behavior.
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