Bitcoin Trading in the Red After Erasing $4K in Minutes

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Thu, 01/07/2021 - 18:57
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Bitcoin has turned extremely ugly shortly after hitting $40,000, erasing over $4,000 in minutes. The top cryptocurrency is now trading in the red on the Bitstamp exchange in a rapid turnaround. 

Image by tradingview.com

According to Bybt data, over $285 million worth of Bitcoin has been liquidated over the past hour.