Crypto liquidations reach $1.23 billion as total market value falls 5.75%
MARKETSFederal Reservecoinbrief/daily · 3 sources
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What happened
Crypto prices fell sharply in the past day, and traders who bet on prices rising lost about $1.23 billion when their positions were forcibly closed. Bitcoin dropped below $68,000 and Ethereum also fell. Analysts are watching whether Bitcoin can hold a key long-term price average.
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What to do
- Watch whether Bitcoin holds its 200-week average on this Sunday's weekly close.
- Note that MSCI drops Strategy from its benchmark indexes on November 30.
- Watch the Federal Reserve rate decision due on December 9.
Written by AI from the sources, checked against them
Full story timeline · 3 updates
Who reported · 3 outlets
DecryptBeInCryptoThe Block
Who and what is in it
Government agencies