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Bitcoin dips below $62K amid $2B crypto selloff and ETF outflows as Fed rate hike fears grow

Market News
15 Nov 2026, 05:12 WIB
Tokenpost
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Bearish
Bitcoin dips below $62K amid $2B crypto selloff and ETF outflows as Fed rate hike fears grow

Bitcoin briefly fell below $62,000 during a broad cryptocurrency selloff that caused over $2 billion in liquidations and wiped out more than 320,000 traders in 24 hours. The selloff was driven by continued outflows from U.S. spot Bitcoin and Ether ETFs, which have now seen seven straight weeks of withdrawals totaling billions of dollars. Rising expectations of Federal Reserve interest rate hikes in December and January added pressure, with consumer prices rising in October. This combination of ETF outflows and rate hike fears triggered a sharp drop in crypto prices and forced many leveraged traders to liquidate positions.

Bitcoin's recent slide saw over $2 billion in liquidations, providing context for cryptocurrency market conditions. For readers following crypto, here is Pluang's market snapshot as of Nov 15, 2026 09:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 4 rose and 45 fell today. Notable movers include BAT at Rp1.698 with a -12.23% change and 100% buy order activity, FIL at Rp11.071 with a -11.71% change and 68% sell order activity, and BAL at Rp16.297 with an 11.14% increase and typical hold time of 85 days.

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