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Bitcoin BTC Price Plummets to $25K as Solana SOL, Ripple XRP, and Arbitrum ARB Take the Lead in Crypto Market Losses

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Crypto Markets Tumble as FTX Bankruptcy Fears Spook Traders

Crypto markets experienced a significant downturn on Monday as traders became concerned about potential selling pressure from bankrupt exchange FTX. Bitcoin (BTC) saw a decline of over 2% and briefly dropped to as low as $24,963 during U.S. morning hours. This marked the first time since mid-June that Bitcoin fell below the $25,000 level. However, it has since recovered some of its losses and is currently trading at around $25,140, representing a 2.6% decrease in the last 24 hours.

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