Cryptocurrency Crash: Bitcoin Plummets Below $62,000 – DeFi Projects Face Liquidation Risks
New York, NY – Bitcoin (BTC) and other major cryptocurrencies experienced a significant drop of nearly 10% on Saturday, with BTC briefly dipping below $62,000 before climbing back up to around $64,000. The broader market also saw declines in assets such as ether (ETH), BNB, and solana, with trading volume on the rise during this period of market turbulence. This downward trend in the cryptocurrency market has particularly impacted the decentralized finance (DeFi) sector, leading …