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Bitcoin Plummets ~15% to Break Below US$63K Mark, Evaporating All Gains Since Trump's Election Victory
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Bitcoin plummeted, falling below the US$63,000 mark, meaning that all the cryptocurrency price gains triggered by US President Donald Trump's election victory have evaporated. Bitcoin has dropped 14.7% in the past 24 hours to US$62,027, setting a new low since 2024, according to CoinDesk's data. Ether also stumbled nearly 16% to US$62,027. Chris Newhouse, head of business development at Ergonia, said that panic and uncertainty in the market are evident, according to foreign media. In the absence of strong buyers, each wave of ETF redemptions and liquidations creates a chain reaction. AASTOCKS Financial News Website: www.aastocks.com |
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