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The Independent UK
The Independent UK
World
Josh Marcus

Flash Bitcoin price dip triggers $303m selloff, before price rebounds to near record-high

Crypto traders have been on a wild ride over the last two days.

On Thursday, the price of Bitcoin initially hit a record high of more than $103,000. As the day wore on, the price began to cool off. Between 10:23 am UTC and 10:28 am UTC, the price plunged from $98,338 to $92,957, triggering the liquidation of more than $303.5m in long positions within the hour, according to a Cointelegraph analysis of CoinGlass data.

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