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Erroneous Bitcoin dominance data sparks confusion and liquidation as traders react to sudden anomaly.
Bitcoin (BTC) experienced a sharp 4% price dip on December 26, falling toward $25,920 as a technical glitch on TradingView mistakenly showed Bitcoin's market dominance collapsing to zero. The error caused panic in the crypto community, leading to significant liquidations and renewed volatility in an otherwise calm holiday trading environment.
What Happened?
The issue surfaced when TradingView’s Bitcoin dominance chart—a key metric for gauging BTC’s share of the cryptocurrency market—erroneously dropped to zero. Dominance had recently been a focal point for traders, with Bitcoin maintaining a strong position even as altcoins struggled to keep pace.
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NEWS
Hong Kong Greenlights Crypto for Residency: Bitcoin and Ethereum Now Accepted as Proof of Assets
8 February 2025

NEWS
Bitcoin Briefly Breaks $100K Barrier on Mixed Job Data Before Retreating
8 February 2025

NEWS
BlackRock Becomes a Major Ethereum Whale with $3.5 Billion Stake
3 January 2025

NEWS
Litecoin Sees Significant Growth in Daily Active Addresses in 2024
24 December 2024

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