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Flash Crash Alert: Bitcoin Hits $60K Low, Now Recovering!
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Bitcoin briefly sank to $60,033 overnight, down 4.8% before snapping back above $65,900—a wild 5.8% swing in hours. This extends a 36% YTD loss, with the crypto market shedding $2T since October's $126K record. Key drivers: Unwinding of leverage, negative funding rates, and spillover from AI/tech stock crashes. Stablecoins lost $14B in reserves, signaling caution. Yet, rebounds like this underscore BTC's volatility as an asset class. Meaning for traders: Support at $58-60K could hold; if breached, $40K risks loom. On Binance, use stop-losses and explore alts for hedging. Long-term? Institutional inflows and halvings point to upside—don't panic sell!
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BTC
69,048.04
-0.90%