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Crypto

Bitcoin Slips Below $63,000 Amid Volatile Trading Session

Guavy AI Editorial Team
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BTC
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Bitcoin's price dipped below $63,000 during a volatile trading session, with the cryptocurrency eventually recovering slightly above that level. This downturn was accompanied by significant liquidations, totaling $122 million in long bets.

According to data, this brought the total crypto liquidations to $227 million, reflecting increased market uncertainty due to geopolitical tensions around the Strait of Hormuz and hawkish Federal Reserve signals.

The broader cryptocurrency market remains under pressure as macroeconomic and geopolitical risks persist. The absence of near-term rate cuts is also limiting potential catalysts for Bitcoin's recovery.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. 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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