Crypto Liquidations Mount as Bitcoin Nears $77K, Trump-Linked Firm Secures UAE Backing

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The cryptocurrency market experienced turbulence over the past 12 hours, with Bitcoin testing cycle lows near $77,000 and triggering more than $2.5 billion in forced liquidations. The sell-off rippled across the industry, leaving Tom Lee’s BitMine with more than $6 billion in unrealized Ethereum losses and exposing security risks after Solana-based DeFi protocol Step Finance disclosed a treasury breach that moved over $27 million worth of SOL on-chain. At the same time, political and corporate developments continued to reshape the crypto landscape.

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