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Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out
Bitcoin briefly dropped below $62,000, resulting in the loss of $1.5 billion in crypto long positions. The price decline led to significant financial impact on long-term investors.
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Adjacent reporting
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- Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated
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- Live markets: Bitcoin gives up all of May's gains, slipping below $77,000
- Bitcoin price falls under $70K as crypto markets liquidate $800M
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