Bitcoin and Ether suffered their largest weekly declines since the 2022 FTX collapse, dropping 17.3% and 22% respectively, wiping out about $390 billion from the crypto market. The selloff was triggered by Strategy's bitcoin sale, heavy ETF outflows, competition from AI investments, and fears of Federal Reserve rate hikes. About $7 billion in leveraged crypto positions were liquidated, mostly long bets. The market's recovery remains uncertain amid ongoing macroeconomic pressures and competition from AI sectors.
Bitcoin long-position liquidations reached $41.41 million within one hour ending 9:35 a.m. ET on Nov. 12, primarily across Binance, Bybit, and OKX exchanges. This surge in liquidations coincided with a 0.63% price drop from $72,675 to $72,221 during ...
The stablecoin market has shrunk by over $14.20 billion in the past month, pushing its market cap below $300 billion for the first time in 14 months. This decline indicates reduced crypto liquidity and limited fresh capital, which hampers a bullish m...
Shiba Inu (SHIB) price fell to $0.0000043, down 3.7% following the surprise resignation of Nvidia CEO Jensen Huang, which caused Nvidia shares to drop around 12-13% and dragged down technology stocks and the crypto market. Bitcoin also fell 3.5%, ref...
XRP's price dropped to $1.02, marking a 20% loss over the past week and nearing its yearly low of $0.99 from August. Aggressive sell orders have dominated both spot and futures markets since late September, with a $2.5 billion selling surplus identif...
Bitcoin's price fell below the key $72,000 mark, trading at $71,868 on Binance spot as of 11:25 a.m. ET on November 12. This represents a $267 drop within 15 minutes, though the price was up 0.49% compared to one hour earlier. The movement shows shor...
