Crypto market suffers major crash, wiping out $1 billion in value as Bitcoin plummeted to a five-month low of around $49,700. This panic sell-off led to over $1 billion in liquidations, with Bitcoin and Ethereum traders bearing the brunt of the losses. The sell-off affected more than 278,000 traders, including a single liquidation order worth $27 million on Huobi. The broader financial market is also experiencing turbulence due to various global economic and geopolitical factors. Market sentiment has turned negative, with the Crypto Fear and Greed Index hitting its lowest level since early July.
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Crypto crash wipes out $1 billion, Bitcoin plunges toward $49,000
