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Nearly $20 Million of BitMEX Longs Liquidated As Bitcoin Tumbles Below $8,800

Since NewsBTC’s last market update, the Bitcoin market has continued to flash signs of weakness.

After managing to temporarily reclaim $9,000, the cryptocurrency started to plunge just minutes ago, falling as low as $8,675 — 4% lower than where BTC started the day and about 15% below the May highs.

Bitcoin price chart from TradingView.com

This latest leg lower has resulted in a
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