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Crypto liquidations top $1 billion with price drop below $60,000, Wendy O warns

Crypto liquidations top $1 billion with price drop below $60,000, Wendy O warns
Bitcoin liquidations above $1 billion mark

More than $1 billion in crypto liquidations have occurred as bitcoin's price fell below $60,000 this week.

Wendy O, founder and host of "The O Show," described this development as a significant warning for the crypto market and invited followers to join a live conversation on YouTube.

Last month, Fundstrat’s Tom Lee argued the crypto bull market had started, pointing out that Ethereum’s 13% drop was less severe than recent U.S. semiconductor stock declines (full story). Separately, Richard Heart, founder of HEX and PulseChain, told Wendy O that PulseChain is better than XRP (more details). These comments have appeared as market sentiment faces new testing moments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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