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The cryptocurrency market saw nearly $1 billion liquidated in the past 24 hours, with Ethereum leading the decline, falling over 6%.
Cryptocurrency prices fell on Thursday, impacted by uncertainty surrounding the Federal Reserve's next interest rate decision, leading to nearly $1 billion in crypto bets being liquidated over the past 24 hours, CoinDesk reported. Ethereum traders were hit hardest, with approximately $286 million in Ethereum contracts liquidated as its price dropped over 6% to around $2,350. Bitcoin contract liquidations totaled about $197 million, with its price falling approximately 3% to around $81,000. XRP and Solana's SOL both declined by about 5%, while Dogecoin fell by about 6%.
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