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Bitcoin Cointelegraph

Bitcoin risks ‘20%-30%’ drop as crypto markets liquidate $1.1B in 24 hours

Bitcoin fell to the bottom of its local range as traders lost over $1 billion as a result of the surprise BTC price downside after the Fed interest-rate cut.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bitcoin risks ‘20%-30%’ drop as crypto markets liquidate $1.1B in 24 hours

Bitcoin fell to the bottom of its local range as traders lost over $1 billion as a result of the surprise BTC price downside after the Fed interest-rate cut.

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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