Over $935 million was wiped out across the crypto market as traders shifted their focus to $70,000 as the last line of defense for Bitcoin.
Bitcoin (BTC) sold off into the early Asian trading session on Thursday as the drop to $72,600 produced significant liquidation of leveraged positions across the crypto market.
Key takeaways:
The BTC/USD pair fell as low as $72,620 on Thursday, reversing all gains made since April 13 after the US reportedly carried out a new wave of military strikes on Iran.
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