Bitcoin plunged to 60,000 USD, marking a 50% decrease from its highest price of 126,000 USD. This sharp decline triggered liquidations exceeding 2 billion USD, contributing to a sense of extreme fear in the market.
Along with Bitcoin, Ethereum fell to 1,750 USD and XRP dropped over 20%. Despite these challenges, JPMorgan indicated that Bitcoin could outperform gold as a long-term investment, suggesting confidence in its future.
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