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🚨 $BTC The price dropped more than $2,600 in the past 24 hours after the SEC postponed its plans related to trading tokenized stocks.
Market impact so far:
• $55B has been wiped from Bitcoin's market value
• More than $500 million in long positions have been liquidated
• Risk sentiment immediately shifted to weakness
That's why headlines are important in cryptocurrencies.
A single major news event can completely change the market narrative within hours.
It feels more like a panic and fear situation rather than genuine structural weakness to me.$BTC