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Bitcoin (BTC) Loses $228 Million: How It Affects Altcoins Market

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by Giorgi Kostiuk

8 hours ago

Bitcoin (BTC) faces volatility, prompting interest in new altcoins like Mutuum Finance (MUTM).

Bitcoin Liquidations and Support Test

Bitcoin (BTC) dropped to $113,411, triggering $228 million in liquidations, mainly from long positions, according to CoinGlass. The 5.6% decline from $120,000 was driven by macroeconomic fears, including weak U.S. job data and tariff proposals. Technical indicators show BTC testing the critical support level of $113,000.

DeFi Model and Technology of Mutuum Finance

Mutuum Finance (MUTM) employs a unique lending system, including Peer-to-Contract (P2C) and Peer-to-Peer (P2P) models. P2C allows users to earn rewards on locked assets, while P2P provides borrowers the option to negotiate loan terms directly. Additionally, Layer-2 technology integration is planned to greatly enhance transaction speeds.

Prospects of Mutuum Finance in the Market

Currently priced at $0.035, Mutuum Finance (MUTM) has raised over $14.25 million. The platform's safety has been confirmed through a high-rated audit. A beta launch is expected soon, marking a significant milestone in the project's development.

Given the current challenges facing Bitcoin, Mutuum Finance (MUTM) shows promising potential as a stable asset amid overall market volatility.

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