As of about 06:00 UTC Friday, bitcoin had fallen as much as 9% over the past 24 hours to $25,000 from $28,500 on Binance, leading to a market-wide slump that sent major tokens like litecoin (LTC) tumbling by 14%. This caused more than $1 billion in crypto futures to be liquidated, a 14-month high.

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Author: Shaurya Malwa

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