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Cryptocurrency Market Plunges; BitMEX Traders Suck Up $157 Million in Liquidations

Cryptocurrency Market Plunges; BitMEX Traders Suck Up $157 Million in Liquidations – BeInCrypto

The price of Bitcoin plunged on Wednesday to a monthly low of around $8,700. The sudden drop stung BitMEX traders particularly badly, with the platform reporting $157 million in liquidations in just a single day. The Bitcoin price performance at the start of 2020 had many analysts bullish.




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