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Investing.com -- Bitcoin remained above $83,000 on Sunday, roughly 34% below its record high, as investors marked one year since a historic $19 billion cryptocurrency liquidation event.
Cryptocurrencies came under broad-based pressure and declined, with Bitcoin pulling back for a fourth consecutive session of losses, launching a full-scale battle to defend the $80,000 mark.
Bitcoin dropped below $81,000 on October 9 as $1.1 billion in leveraged crypto bets were liquidated, driven by an oil price spike and hawkish Fed minutes.