Bitcoin claws back $40K as 24-hour crypto liquidations near $500M

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Bitcoin claws back $40K as 24-hour crypto liquidations near $500M
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Bitcoin isn't ready to give up $40,000 just yet. What will Tuesday's CPI print bring?

showed the largest cryptocurrency bouncing to $40,200 on Bitstamp Tuesday after falling to just $39,300.

Spurred on by a bleed-out in tech stocks in particular, Bitcoin looked decidedly unappetizing on short timeframes, and those previously betting on bullish continuation were left empty-handed., the past 24 hours cost crypto traders a total of $428 million in liquidated long positions — the most in a day since Jan. 22.

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