$USDC Explained! 🚨

The crypto market experienced a sharp decline today, and here's what's behind the turbulence:

📉 Major Liquidations: Ethereum faced liquidations amounting to $67 million, signaling potential further sell-offs.

⚡ Regulatory Crackdowns: Kuwait initiated a crackdown on cryptocurrency mining, citing it as a significant factor in their power crisis.

💰 Market Volatility: Bitcoin's price is at $97,175, with a notable intraday low of $93,846, reflecting the market's instability.

📊 Investor Sentiment: Analysts are observing a split between long and short positions in Bitcoin, indicating uncertainty in market direction.

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