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Bitcoin Rout Deepens, Wiping Out Year's Gains Amid Risk-Off Sentiment

Bitcoin Rout Deepens, Wiping Out Year's Gains Amid Risk-Off Sentiment
Bitcoin's price has plummeted below $93,714, erasing all gains made since the start of the year following the election of the Trump administration. The dominant cryptocurrency had reached a record high of $126,251 in early October but began tumbling after unexpected tariff comments. As the general market turns "risk-off," institutional buyers are stepping back, leading to deep crypto market liquidations and rising fear.

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