After reaching a 2023 peak of about 4.20% last week, the yield on the U.S. 10-year Treasury has now fallen below the 4% mark.
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CoinGlass data reveals that the price surge in the past 24 hours has led to the liquidation of an impressive $36.6 million worth of short positions, making it the highest liquidation volume recorded this month.
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Cryptocurrency prices took a steep plunge on Monday following the U.S. Securities and Exchange Commission (SEC)'s filing of a lawsuit against the crypto exchange and its CEO for numerous violations of federal securities laws.
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