The cryptocurrency market dramatically plunged Tuesday evening, triggering a sharp wave of liquidations. What Happened: Bitcoin tanked below $59,000, marking its lowest level since Aug. 19. The plunge followed King Crypto’s move past $63,000 earlier in the day. Ethereum witnessed a steeper decline, plummeting to an intraday low of $2,400—a level last seen nearly three weeks ago. Over $207 million was liquidated from the market in the last 4 hours, taking the 24-hour liquidations to $315 million. Nearly $283 million in leveraged longs was wiped out, the highest since the Aug. 5 market rout. Bit…
