Markets· ★★★★· bearish·

Crypto liquidations hit $547 million as oil rally pressures market

  • —Bitcoin dropped below $84,000 amid rising oil prices
  • —Crypto liquidations reached $547 million
  • —Attacks on Iranian tankers triggered the oil rally
  • —Smaller tokens fell harder than bitcoin
Why it matters: A geopolitical shock in the Persian Gulf adds pressure on risk assets and could accelerate outflows from crypto.
#BTC
Source: CoinDesk
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