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Bitcoin falls to $79,730, recovering to $82,000, as surging US wholesale inflation triggers nearly $940 million in crypto liquidations
Bitcoin registered an intraday low of $79,730 before recovering to around $82,000. This selloff was intensified by surging US wholesale inflation, which triggered nearly $940 million in liquidations across the cryptocurrency market. Stronger-than-expected inflation data raised concerns about another interest rate hike by the Federal Reserve, leading to extended losses. According to CoinGlass, 176,506 traders were liquidated.
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