Circle Sinks 12%, Coinbase and Strategy Tumble 10% as Bitcoin Slide Hits Crypto Stocks
- On Thursday, November 5, Bitcoin fell below $76,000, sliding to intraday lows around $75,463 as a broad market sell-off reversed recent post-election gains.
- A sharp deterioration in risk appetite across global markets prompted the rout, with the Nasdaq Composite Index plunging and forcing investors to rotate out of speculative assets.
- CoinGlass reported $1.08 billion in total crypto liquidations over 24 hours, with long positions accounting for $954.38 million—88.2% of losses—intensifying downward pressure.
- Coinbase and Circle plunged between 10% and 15% as the sell-off spilled into crypto-linked equities, with Circle's recent analyst upgrade and earnings beat overwhelmed by sector weakness.
- Crypto trader Rekt Capital noted the current dip mimics May patterns that preceded macro lows of $57,000, signaling potential for deeper correction if the historical parallel holds.
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161 Articles
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 falling to fresh lows today: What’s causing the crypto decline?
Republican congressional majorities, Nvidia’s leadership, and now Bitcoin? It’s all coming down! Bitcoin’s price has fallen below $70,000 for the first time since August, and has been on a slow downward slide since late September, when it briefly touched more than $86,500. As of Friday morning, BTC was trading as low as $68,070, before increasing to around $69,880. Over the past five days, BTC values are down almost 7%, and the digital asset rem…
<p>Bitcoin fell below $70,000 for the first time since August amid inflation fears Bitcoin fell to $67,628, losing up to 9% in two days. Outflows from Bitcoin ETFs in the United States exceeded $2.5 billion</p>.
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