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Crypto-linked stocks fell alongside Bitcoin’s decline, with AI-focused miners leading the decline to hit multi-month lows.
Bitcoin fell as low as $83,840 and CoinGlass recorded $485.21 million in long liquidations over 24 hours, as oil climbed on Iranian tanker attacks.
Bitcoin (BTC) slips below $84,500 at the time of writing on Wednesday, down over 2.5% so far this week. Mixed spot Bitcoin Exchange Traded Funds (ETFs) flows point to cautious institutional demand so far this week.