On the 12-hour chart, Bitcoin price has shed nearly $9,000, bringing it down to $51,541.
The market-wide crash has resulted in $1.72 billion worth of long positions liquidated in the last hour alone.
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The recent blackout in China’s Xinjiang region has caused a drop in hash rate from several Chinese Bitcoin mining operations.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
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