Bitcoin has seen a significant downturn, falling below the critical threshold of $68,000, with trading recorded as low as $67,768. This decline has been attributed to a prevailing bearish sentiment in the market, as reflected by the Fear and Greed Index, which has moved further into the 'fear' zone. The market volatility has intensified, resulting in the liquidation of over $320 million in cryptocurrency long positions, highlighting the challenges faced by investors in the current climate.
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