Bitcoin Price Drop Leads to Wave of Liquidations

The past 24 hours have been marked by a significant drop in the price of Bitcoin, falling from $72,500 to just above $69,000, a decrease of nearly 4%. This sudden correction, before the weekend, has also impacted the entire crypto market, with the overall market capitalization decreasing by 5.5%. This drop can be partly attributed to profit-taking, a common movement before the end of the week, and a general correction in the financial markets.