$3.7 billion liquidated as crypto markets react to Biden’s tax scare

The global crypto market cap is $1.84 trillion with a 24-hour volume of $296.3 billion. The price of Bitcoin is $49,887.97 and the BTC dominance is at 50.7%.

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by Shaurya Malwa

Over $3 billion worth of crypto positions were liquidated this morning amidst a broader sell-off, data from multiple sources showed. Some market watchers attributed the drop to a proposal made by US president Joe Biden yesterday.

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