Bitcoin wipes nearly a week of gains in 20 minutes, falling under $41K

The price of Bitcoin briefly dipped below the $41,000 mark on Dec. 11.

Highlights

Bitcoin briefly fell 6.5% to $40,659 before evening out just below $42,000 on Dec.
11.
The price of ETH, the second-largest cryptocurrency by market cap, also fell more than 8.9% in the same time frame.
The drawdown marks the largest single-day decline for Bitcoin in over a month, with the asset having grown more than 12% over the last 30 days.
More than $270 million worth of long positions were liquidated by the drop, wiping out some $1.2 billion in open interest on BTC, which is currently sitting around $17.9 billion.
However, Bitcoin has rallied more than 150% since Jan.

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