Over the past 24 hours, the price of Bitcoin (BTC) has fallen to a 9-day low of around $58,000. Other cryptocurrencies have also seen significant declines, including Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), ChinaLink (LINK), Avalanche (AVAX), and Shiba Inu (SHIB). The total value of transactions processed exceeded $300 million. Despite the relative price increase to $59,500, Bitcoin still saw a daily decline of 6% and its market capitalization fell from $1.24 trillion to $1.17 trillion. Other digital currencies also saw declines of 8 to 10 percent. These extreme fluctuations led to the liquidation of around 90,000 traders and the total value of lost positions reached over $320 million. The largest order processed on the Binance exchange was worth over $12.5 million.
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