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Bitcoin Futures Market Crumbles With Price Slump

The extreme volatility in the cryptocurrency market caused a wavelike motion in the Bitcoin [BTC] market. BTC was cruising at its annual peak of $12.473 on 17 August and the selling pressure seeped in, causing the price to descend from this peak. However, on 2 and 3 September BTC market saw massive liquidations of longs as the price reached $9,987.86. This was the first time in seven weeks, BTC slipped under the $10k mark, but many traders expected for this to happen. BTCUSD 24-hour chart | Source: TradingView Price dump spikes liquidations The high volatility has given rise to high…

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