Crypto Slides Sharply as Tech Sell-Off Sparks Liquidations, ETF Outflows

The cryptocurrency market suffered another sharp downturn after global technology stocks slid, adding broader pressure across risk assets. Total crypto market capitalization fell 2.39% to $2.57 trillion on Thursday. Major cryptocurrencies traded firmly in the red, with XRP dropping 10.2%, BNB falling 8.8%, and Ethereum sliding 7.7%. Bitcoin declined 6.9% to the $70,000 level during Thursday morning trading in Europe. Liquidations Spike Across the Market The sell-off triggered a wave of liquidations across the crypto market. Nearly $856 million worth of leveraged positions were wiped out, the vast majority of which, approximately $777 million, were long positions. According to

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