$220M in Longs Liquidated in 1 Hour as ETH Dips Below $2K and BTC Slides to $72K

The cryptocurrency market is on the move again, and the direction is rather familiar and painful. Bitcoin just tanked to $72,000, marking a multi-month low, and the altcoins have followed suit after Trump’s latest comments on the war against Iran. Expectedly, the total value of wrecked positions has jumped again, with $220 million worth of longs getting wrecked in just an hour. Crypto Market Drops Again Recall that it was just eight days ago when the primary cryptocurrency stood at $81,000 before it was rejected 24 hours later and slumped by several grand to $75,600. On Friday, it dipped further to under $75,000. Nevertheless, it managed to stand close to $76,000 over the weekend before the bears regained control of the market at the start of the current business week.

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