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Crypto

Bitcoin Plunges to Lowest Level for May Amidst Market Turmoil

Guavy AI Editorial Team
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The cryptocurrency market experienced a significant downturn on May 18th, with Bitcoin falling to its lowest level for the month at $76,078.

This decline wiped out all of Bitcoin's gains for May and resulted in over $800 million in crypto liquidations, according to CoinGlass data.

The majority of these losses came from long positions, with more than $700 million being forced to unwind. Ethereum traders suffered the largest liquidation losses, with over $300 million in positions being wiped out.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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