Bitcoin crashes below $53K wiping out $600M in leveraged longs. A sudden crypto market nosedive has seen over $600 million in leveraged long positions wiped out, as Bitcoin, Ether and other cryptocurrencies tumbled sharply.
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*The price of Bitcoin tumbled sharply on Aug. 5, falling as low as $52,5* 

 jsbs 

 Bitcoin experienced a significant crash, falling below $53,000 and resulting in the loss of approximately $600 million in leveraged long positions. This sudden downward move in the crypto market has led to the liquidation of over $740 million in leverage positions within the last 24 hours