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A significant sell-off in the cryptocurrency market resulted in nearly $1 billion in leveraged positions being liquidated on December 1, with Bitcoin dropping 8% to $83,824 and facing a nearly 30% decline since early October. Ethereum also experienced a sharp decline, falling 10% to $2,719 and down 36% over the past seven weeks, reflecting a broader downturn impacting smaller tokens as well.
Credit: Livemint
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