Bitcoin prices sharply declined overnight, falling from $58,000 to below $50,000 before recovering to around $55,000.
The drop in Bitcoin's value reflects a souring of market sentiment, with the Crypto Fear and Greed Index falling significantly.
Over $740 million in leveraged positions were liquidated in the last 24 hours, primarily affecting traders with leveraged exposure to Bitcoin and Ether.
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Bitcoin prices
05-08-2024 13:29 GMT
by Zain Vawda