Bitcoin Dives Under $50,000, Leading to over $1 Billion Crypto Liquidations

The liquidations came as bitcoin (BTC) slid more than 11% over 24 hours, while ether plunged as much as 25% before slightly recovering. TradingView data shows this was the worst single-day price fall for ETH since May 2021, when prices dumped from over $3,500 to $1,700. TradingView’s daily candle shows performance for UTC 00:00 to 23:59.

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