Crypto Market Hit by $500M Liquidations as Bitcoin and Ethereum Lose July Gains

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The crypto market faced a major setback as over $500 million in positions were liquidated, following a sharp decline in Bitcoin and Ethereum prices. After showing strong gains in July, both top cryptocurrencies lost momentum, triggering a wave of sell-offs. As both Bitcoin and Ethereum are now hovering around new monthly-lows, there’s an increased chance of another decline in the coming hours.

BTC-0.52%
ETH-2.24%
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