NEW - Over the past 24 hours, the cryptocurrency market experienced an unprecedented liquidation event, with more than $2 billion in value wiped out and over 700,000 traders liquidated.

This event marks the largest daily liquidation in the history of cryptocurrency, surpassing significant past events like the COVID-19 market crash and the FTX collapse.

Major cryptocurrencies like Bitcoin and Ethereum saw significant declines, with Bitcoin dropping below $95,000.

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