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The digital asset briefly fell to around $83,500 as a sharp market pullback hit leveraged traders across major cryptocurrencies.
The overall cryptocurrency market fell 2.5% to around $2.45 trillion, wiping out more than $530 million in long bets.
Bitcoin fell as much as 2.8% to US$83,248 on Wednesday while Ether dropped 5.3%, as roughly US$650 million in leveraged crypto positions were…