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Crypto Market Crash Triggers $1.5 Billion Bitcoin, Ethereum, XRP Liquidations

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The crypto market crash erased over $170 billion within a day as hefty outflows occurred on Tuesday. Moreover, it led to more than $1.5 billion in liquidations of leveraged crypto assets. The slump comes in response to rising oil prices and geopolitical tensions stemming from the current U.S.-Iran conflict.