Bitcoin (BTC) plummeted to 112,000 USD, instigating a sharp decline in crypto stocks ahead of the market opening. This shift caused 1.6 billion USD in liquidations across derivatives exchanges.
Ether (ETH) experienced a drop of 6.4%, resulting in substantial losses for various altcoins. Companies like Coinbase (COIN) and Marathon Digital Holdings (MARA) reported declines over 3% during pre-market.
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