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Bitcoin & Crypto DEVELOPING

Crypto longs lose $404 million in four hours as bitcoin briefly slips below $80,000

Stacks of Bitcoin coins with a financial market chart in the background, depicting cryptocurrency trading.
Illustrative photo.Photo by Rafael Minguet Delgado on Pexels

What happened

Spot bitcoin ETFs (a fund traded on a stock exchange like a share) lost $773 million on Thursday and Friday after three days of net inflows, per SoSoValue data.

Sources & evidence