Bitcoin Halves from Its Peak, Worst 'Fear' Since the Terra Collapse
Bitcoin Halves from Its Peak, Worst 'Fear' Since the Terra Collapse
Bitcoin plunged to the $60,000 level amid Middle East–driven geopolitical risks and a liquidity squeeze, triggering more than $2.6 billion in forced liquidations in a single day. Strategy posted a record quarterly loss of $12.6 billion, heightening concerns over the financial health of crypto-asset holding companies, while the exodus of large whales and a surge in volatility pushed the market into its worst fear phase since the Luna collapse.
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