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Bitcoin drops to $84,000 after briefly topping $87,000

  • Bitcoin dropped to $84,000 after briefly surging above $87,000.
  • More than $170 million in long liquidations occurred over the past hour.
  • Bitcoin’s price move followed the U.S. jobs report released earlier Friday.

Bitcoin fell to $84,000 after briefly rising above $87,000 following the U.S. jobs report earlier Friday. The reversal triggered more than $170 million in long liquidations, meaning forced closures of bullish leveraged positions, over the past hour.

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