Bitcoin crashes as $100 billion exits crypto market in just 24 hours
The crypto market experienced a significant downturn on January 3, with around $100 billion leaving the market. Bitcoin, the leading cryptocurrency, saw an 8% slump, reaching a low of around $42,000 before rebounding to $43,000 on January 4. Reports and rumors surrounding the potential approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC) have been cited as possible reasons for the market volatility.
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