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Bitcoin Hovers Over $27.5K, Crypto Bulls Face $100M Liquidations as Altcoins Drop

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Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

and a significant ether sale by the Ethereum Foundation weighed in on broader crypto markets as bulls saw over $100 million in futures positions evaporated and the market slid 2% on average.

Analysts at trading firm FxPro told CoinDesk in a note that they were watching for a break of the $28,000 level for bitcoin before turning bullish.

 

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