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Bitcoin Price Plunge
- Bitcoin's price fell nearly 25% in November, erasing over $1 trillion in cryptocurrency market capitalization.
- The drop was driven by forced liquidations, high leverage, and external pressures from U.S. trade tensions.
- Major holders trimmed their positions, contributing to ongoing market instability.
- A recent Bitcoin rally, driven by hopes of Federal Reserve interest rate cuts, has raised questions about its sustainability.
- Analysts warn the market remains sensitive to macroeconomic developments and that further declines could occur if selling pressure continues.
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