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?? SHOCKING TRUTH: Chinese Lunar New Year, Cryptocurrency \u0026 CyclesThree Arrows Capital founder takes to Twitter to assuage fears after 25% drop in price of bitcoin in a single day. Bitcoin, Ether price slump leads to crypto bloodbath with $1B in liquidations. The liquidation event saw one trader lose $ million, while. Bitcoin's price has dropped to its lowest level since the US approved almost a dozen exchange-traded funds that contain the crypto last week.