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Bitcoin Slides Below USD65,000 Abruptly; 130K Liquidations in 24 Hrs
2026-02-23 11:39:57
Bitcoin plummeted, shattering below the USD65,000 mark, and bottoming at USD64,232.8. Based on industry data, the entire cryptocurrency market was squeezed, with Ethereum, XRP, BNB, and SOL experiencing slumps ranging from 6% to 8%.

In the past 24 hours, over 130,000 people have been liquidated across the network, with the total liquidation amount whopping USD458 million. Since the beginning of 2026, the crypto trend has remained feeble, with pessimism pervading the market and frequent reports of sell-offs.

Galaxy Digital founder Mike Novogratz pointed out that the recent collapse in Bitcoin reflects a paramount transformation in the industry. As more institutions with varying risk tolerance levels enter the market, the growth model previously driven by speculation may be coming to an end.
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AASTOCKS Financial News
Website: www.aastocks.com