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Bitcoin surged past $99,000 on Christmas day, driven by renewed optimism in the market, with leading digital assets like Ethereum, XRP, and Solana also posting gains. The global crypto market cap increased by 3.5% to $3.44 trillion, with the Crypto Fear and Greed Index showing a sentiment of “Greed.” Despite the rally, over $300 million in liquidations occurred in the past 24 hours, impacting traders betting on both long and short positions.
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