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The crypto market bulls started to lose grip as the crypto market cap tumbled from $2.34 trillion to $2.13 trillion, causing merchants to lose one other $210 billion after a extensive $250 billion liquidation within the previous couple of days. Bitcoin put plunges to a low of $51,120 on Wednesday, down 10% over 24 hours and 17% in per week. Merchants anticipate an additional fall in BTC put to as low as the $47K diploma.
