Bitcoin, the largest cryptocurrency, has experienced a major crash, reaching its lowest price since November. It is down 26.6% from its peak and has fallen over 6% in the past 24 hours. Other altcoins, including XRP, have also underperformed. However, there are indications of a possible short-term price bounce. A major Bitcoin investor has lost millions and may face liquidation if the cryptocurrency's price drops further. The market correction was expected due to declining speculative momentum and diminished retail speculation.



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