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Bitcoin price today: Why BTC USD fell near $73,000 after US CPI report and could it crash to $70,000 next?
More than $1 billion in crypto derivatives were liquidated as hotter inflation data lifted Treasury yields and cut appetite for risk assets, CoinGlass said.
- Bitcoin fell below $76,000 on November 5, reversing earlier gains as a broad market sell-off triggered steep outflows from U.S. spot Bitcoin exchange-traded funds. The decline erased momentum from the previous day, intensifying selling pressure across the sector.
- A broad market reversal on November 5 triggered $1.08 billion in 24-hour cryptocurrency liquidations, with long positions accounting for $954.38 million, or 88.2% of total losses. This cascade of forced sales rapidly accelerated the downturn for Bitcoin and related financial products.
- Farside Investors data shows U.S. spot Bitcoin exchange-traded funds lost $430.2 million on November 5, reversing a $74.6 million inflow from the previous session. BlackRock's iShares Bitcoin Trust accounted for $201.2 million of the outflows.
- Institutional investors withdrew approximately $1.28 billion from Bitcoin ETFs between November 2 and November 6, according to Farside figures. This sustained selling pressure significantly hindered Bitcoin's recovery, keeping prices below key technical support levels throughout the week.
- Market analysts warn that ongoing macroeconomic uncertainty could prolong current volatility. While some view the dip as a buying opportunity, others caution that Bitcoin may face deeper corrections if current support levels fail to hold.
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Bitcoin falls below $67,000 to lowest level in nearly three months
نُشر هذا المقال أولاً عبر Cedarnews.net. لمتابعة المزيد من الأخبار والتقارير الحصرية، زورونا على موقعنا. Bitcoin fell below $67,000 on Saturday, November 14, hitting its lowest level in nearly three months. CoinGlass data showed it trading at $66,794 after touching a 24-hour low of $66,427.50. At that price, Bitcoin was down about 29% from its closing price of $94,287.48 a year earlier. تم نشر هذا الخبر عبر موقع Cedarnews الإخباري. للاطلاع على…
Bitcoin is now below $69,000 and could fall even further if investors cash out to buy into the Anthropic IPO
Investors may have to sell some of their existing bets in crypto to make room in their portfolio for what could be one of the most sought-after stock offerings in history.
·New York, United States
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Total News Sources211
Leaning Left8Leaning Right21Center18Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
L 17%
C 38%
R 45%
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