Live Markets Bitcoin crashes to $62,000 as billions of longs get liquidated

Image for article Live Markets Bitcoin crashes to $62,000 as billions of longs get liquidated
News Source : CoinDesk

News Summary

  • DID coins defy market weakness with 20% gain in 24 hours Tokens associated with decentralized identifier (DID) protocols bucked the broader market weakness, with the category as a whole surging around 20% to $2.62 billion in market value in the past 24 hours.
  • The rally is led by Worldcoin’s WLD token, which gained 14% in the period.
  • u.s.-listed spot bitcoin ETFs have recorded net outflows for over three consecutive weeks, bleeding roughly $5 billion in that period.
Panic has crept back into the crypto market, as bitcoin continues its decline to $62,000, spurring demand for options bets that protect against potential price losses below $50,000.

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