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International Business Times
International Business Times
Business

Bitcoin Drops Below $84,000 as Nearly $500 Million in Long Bets Get Wiped Out.

Bitcoin Crypto
Bitcoin's decline triggered $555.6 million in cryptocurrency liquidations over a 24-hour period. (Credit: AFP)

Bitcoin dropped below $84,000 on Wednesday as a sharp crypto market pullback forced hundreds of millions of dollars in leveraged positions to close, with traders betting on higher prices taking most of the losses.

Bitcoin fell as low as about $82,880 after trading as high as roughly $86,700.

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