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Bitcoin price drops 23% amid US political uncertainty, tech stock sell-off, and heavy crypto liquidations.

Market News
15 Nov 2026, 14:31 WIB
Crypto news
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Bearish
Bitcoin price drops 23% amid US political uncertainty, tech stock sell-off, and heavy crypto liquidations.

Bitcoin's price fell about 23% from its November 4 peak, hitting $62,081 on November 15 due to US political uncertainty after midterm elections, weak technology stocks, and significant cryptocurrency liquidations exceeding $2 billion in 24 hours. The Democratic control of Congress raised doubts about crypto-friendly policies, while inflation data and rising interest rate expectations pressured the market further. Institutional outflows from Bitcoin ETFs and corporate sales, including MARA Holdings' Bitcoin liquidation, added to the selling pressure. Despite a partial recovery to around $65,400, Bitcoin remains below $70,000, with market participants awaiting new catalysts amid deteriorating liquidity conditions.

Bitcoin's recent price plunge provides context for cryptocurrency market activity on Pluang as of Nov 15, 2026 19:21 WIB. Among 50 major cryptocurrencies, 6 rose and 43 fell today. Notable movers include EOS with a 1-day change of +8.13% at Rp12,649, SNX down 7.74% at Rp2,659, and EGLD down 6.59% at Rp47,409 with a Pluang order activity of 1% Sell / 99% Buy.

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