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$350 Million in Liquidations as Bitcoin (BTC) Price Dumped to 2-Week Low
- Bitcoin's price dropped to a two-week low of under $62,000.
- The drop came despite the US Federal Reserve's announcement of future rate cuts.
- The price drop resulted in liquidations of nearly $350 million, affecting over-leveraged traders.
- Bitcoin has recovered slightly since the drop, along with other altcoins.
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