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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Bitcoin's price fell to its lowest level since April, hitting $66,000 following a wave of selling that resulted in a record $1.44 billion outflow from ETFs. The cryptocurrency market capitalization dropped to $2.22 trillion, reflecting ongoing pressures in the market. Analysts noted that more than half of the circulating Bitcoin is sitting on unrealized losses.