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Bitcoin bruised by largest fall since 2018
December 1st became a black day
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December 1st became a black day for the cryptocurrency market: at the start of the Asian trading session, Bitcoin sharply dropped below the $88,000 mark, erasing all weekly gains and sending the market into freefall. The price crash triggered a mass liquidation of leveraged positions amounting to around $400 million within just one hour. Thousands of traders worldwide suffered losses, particularly holders of long positions, which accounted for 90% of the liquidated bets. Causes of the collapse and consequences According to Bloomberg,
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