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Bitcoin Plunged Nearly 7% After Hitting $64K Amid Market Volatility

Mary Liu

Summary: According to Bitpush Terminal data, Bitcoin rose sharply on Wednesday, surging rapidly earlier in the day, breaking through the $60,000 mark for the first time since November 2021, hitting a high of $64,037 within hours, and then suddenly plunged 7%, with the lowest drop to $59,400. CoinGlass data shows that the sudden price drop caused ...

According to Bitpush Terminal data, Bitcoin rose sharply on Wednesday, surging rapidly earlier in the day, breaking through the $60,000 mark for the first time since November 2021, hitting a high of $64,037 within hours, and then suddenly plunged 7%, with the lowest drop to $59,400.

CoinGlass data shows that the sudden price drop caused the crypto market to liquidate more than $600 million. In the past 24 hours, 178,095 traders had their positions liquidated for $693.29 million.