The cryptocurrency market was rocked this week by a dramatic sell-off, resulting in over $1.6 billion (£1.2 billion) in long positions being liquidated within 24 hours.
Bitcoin, which had recently surged past $124,000 (approx. £92,650), plunged to nearly $112,000 (approx. £83,680), triggering widespread panic and renewed scrutiny of macroeconomic forces, particularly the role of the US government in destabilising digital assets.
