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Profit-taking and MidEast hostilities decrease cryptocurrency values after previous gains · Cyprus Report

Tech · World

Profit-taking and MidEast hostilities decrease cryptocurrency values after previous gains

1 sourceFirst reported 9 days agoUpdated 9 days ago

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Crypto markets experienced a decline following a recent bullish trend due to profit-taking and renewed tensions in the Middle East.
Over the weekend, cryptocurrencies had seen gains, but those were reversed on Monday with a notable selloff.
The South Korean stock exchange's Kospi index fell by 9.2%, contributing to the negative sentiment in global markets.
Additionally, approximately $253 million in leveraged positions in the crypto market were liquidated during this downturn.

Generated by AI from the 1 sources below · always verify with the originals

AI summary: catch up in 20 seconds

Summarising the coverage…

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All coverage (1)

Profit-taking, MidEast hostilities drag crypto lower after bullish weekCoinDesk · 9 days ago

In this storyMiddle East

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AI summary: catch up in 20 seconds

Crypto markets experienced a decline following a recent bullish trend due to profit-taking and renewed tensions in the Middle East.
Over the weekend, cryptocurrencies had seen gains, but those were reversed on Monday with a notable selloff.
The South Korean stock exchange's Kospi index fell by 9.2%, contributing to the negative sentiment in global markets.
Additionally, approximately $253 million in leveraged positions in the crypto market were liquidated during this downturn.

Generated by AI from the 1 sources below · always verify with the originals