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The cryptocurrency market experienced a rollercoaster Thursday, with $450 million liquidated in just 60 minutes. Bitcoin (BTC-USD) briefly soared to an all-time high of $103,500, igniting a frenzy among traders.
The surge came after President-elect Donald Trump announced plans to nominate crypto advocate Paul Atkins to head the SEC, fueling optimism for a friendlier regulatory environment.
But the euphoria didn’t last. Bitcoin slid back under $100,000 later in the day, dragging crypto stocks with it.
Traders are now left wondering: was this just a tease, or a preview of bigger moves to come?
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