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βοΈ Cryptoπ΄ BearishImportance 6/10
Bitcoin price dips under $65,000 after Trump fires fresh trade war volley
π€AI Summary
Bitcoin's price dropped 3% to below $65,000 on Monday following Trump's new trade war statements. The decline was accompanied by $434 million in long position liquidations as market uncertainty increased.
Key Takeaways
- βBitcoin fell 3% to under $65,000 amid market volatility on Monday.
- βLong positions worth $434 million were liquidated during the price decline.
- βTrump's fresh trade war comments contributed to market uncertainty.
- βThe liquidations suggest leveraged traders were caught off-guard by the sudden drop.
- βPolitical developments continue to influence cryptocurrency market movements.
Read Original βvia DL News
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