The price of Bitcoin has fallen to $78,835.07, down about 34% from its historical high. Similar to tech stocks, Bitcoin is often viewed as a market sentiment indicator. Despite the overall market decline, the price of Bitcoin has remained between $82,000 and $83,000, while other crypto assets such as Ether and Solana related tokens have dropped by about 10%. The drop in Bitcoin has led to a wave of long positions liquidations, with over $181 million in long liquidations within 24 hours.
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The price of Bitcoin has fallen to $78,835.07, down about 34% from its historical high. Similar to tech stocks, Bitcoin is often viewed as a market sentiment indicator. Despite the overall market decline, the price of Bitcoin has remained between $82,000 and $83,000, while other crypto assets such as Ether and Solana related tokens have dropped by about 10%. The drop in Bitcoin has led to a wave of long positions liquidations, with over $181 million in long liquidations within 24 hours.