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Bitcoin and Ethereum stumble, liquidations skyrocket as crypto market rally hits a wall

Bitcoin and Ethereum stumble, liquidations skyrocket as crypto market rally hits a wall

Bitcoin (BTC) displayed some concerningly bearish signals overnight, with the BTC/USDT pair heading below US$23,000 following the biggest daily dip in six weeks. Nearly US$40mln in long-bitcoin liquidations were chalked up in the past 24 hours due to the volatility impacting the market in anticipation of the trio of interest rate announcements from the US, UK and EU in the following two days.








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