Bitcoin's profit-taking led to a decline in the broader market, with tokens from major blockchains like SOL falling up to 8% in the past 24 hours. While traditional markets remained stable, Bitcoin fell below $30,000 during European hours on Friday, and Ether dropped over 3%. The introduction of a new digital assets oversight bill by U.S. House Republicans may have contributed to the selling pressure, as it aims to establish a regulatory framework to protect investors in the crypto sector. The drop in prices caused over $66 million in liquidations in the past 24 hours, with slightly over 70% of these liquidations on long positions.
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