It is a tough week for the cryptocurrency market as Bitcoin failed to move past the $82,600 resistance level. The leading cryptocurrency by market cap is currently trading below $80,000, following three straight days of losses so far this week. The crypto market sentiment is losing risk appetite amid a bullish positional wipeout in the derivatives market. Volatility surge weighs down crypto bulls Bitcoin is down by nearly 2% in the last 24 hours and is now trading below $80,000, triggering forced liquidations of highly leveraged bullish positions in the futures market. This prompted a risk-off sentiment shift.
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