Bitcoin prices slipped on Saturday as the world's largest cryptocurrency was trading at $47,164.46 down 16.6% in the last 24 hours, according to CoinGecko. Bitcoin plummeted in early hours on Saturday, falling nearly $10,000 in an hour to a temporary low of $42,000 before bouncing up to $47,000. About $2.4 billion of crypto exposure, both long and short, was liquidated on Saturday, the most since September 7, according to data from Coinglass.com. Bitcoin has shed about $21,000 since hitting a record on November 10 of $69,000.
Besides, Ether, the coin linked to the ethereum blockchain and the second-largest cryptocurrency, fell 15.9% to $3,848.23 on Saturday.
The global cryptocurrency market cap today is $2.3 Trillion, a -16.4% change in
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