Bitcoin Price Today Crashes Below $73,000

Bitcoin price today crashed to $72,677, its lowest level since August, erasing nearly three months of gains. BTC has now fallen almost 16% from its September 21 peak of $87,374. The sudden crash followed hotter-than-expected US inflation data, triggering fresh selling pressure across the crypto market. According to CoinGlass, around $711 million in crypto positions were liquidated over the past 24 hours. More than $300 million in leveraged positions were wiped out within just one hour as Bitcoin dropped below $73,000

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