$900B Vanishes as BTC Drops to 3-Month Low

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Bitcoin’s price went through a sudden and painful crash on Friday evening and Saturday morning, dropping to its lowest position since early July.

As this became the single-largest daily liquidation event with more than $19 billion wrecked, the total market cap plunged by $900 billion at one point.

BTC’s Crash
What a week it has been for the primary cryptocurrency. It all started on the right foot, with a surge past $124,000 last Sunday and up to $126,000 on Monday, which became a new all-time high.

The asset lost some traction in the following days, but remained steady above $120,000 and even $122,000 on Friday. Then came the Trump warning against China, and all hell broke loose.


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