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Bitcoin, Ethereum, Dogecoin Plunge As $650M Worth Of Crypto Liquidated In A Single Day: Analyst Predicts King Crypto Poised For Explosive Rally ‘As FOMO Greater Than Fear’

Major cryptocurrencies declined on Tuesday evening as a broader market correction liquidated over $650 million worth crypto in the last 24 hours. What Happened: The price of Bitcoin plummeted below $63,000, triggering a widespread sell-off across the global crypto market. In just 24 hours, the market capitalization dropped by 8% to reach $2.4 trillion, as reported by CoinMarketCap. BitMEX Research data revealed an outflow of over $640 million from Grayscale’s spot Bitcoin ETF(NYSE:GBTC) on March 18, marking the largest day of outflows since its trading debut on Jan. 11. In contrast, Fidelity’s…

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