Bitcoin Price Drops Below $74,000 as Liquidations Top $1 Billion

Bitcoin’s price dropped from $75,690 to $73,477 in 15 minutes late Sunday as Nvidia’s scandal and stalled Iran talks hit thin weekend markets and liquidations exceeded $1 billion. Bitcoin slid from $75,690 to $73,477 in 15 minutes late Sunday afternoon U.S. time, its lowest price since August (a 9% drop in four days). The rough patch comes after BTC breached $81,000 last Wednesday after the U.S. midterm results, but briefly dipped below $75,000 on Friday (as part of a global tech selloff). Buyers stepped in quickly after Sunday’s flush, with bitcoin currently changing hands near $74,500 at press time. In terms of the liquidation damage, analysts have put the figure at $1 billion in 10-15 minutes .

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