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Bitcoin Tumbles Most Since May and El Salvador Buys the Dip

Price drop triggers about $3 billion of liquidations of trading positions due to margin calls.

Updated May 11, 2023, 6:45 p.m. Published Sep 7, 2021, 7:40 p.m.
Chart of the bitcoin price over the past week shows the impact of Tuesday's wipeout. (CoinDesk)
Chart of the bitcoin price over the past week shows the impact of Tuesday's wipeout. (CoinDesk)