Circle Sinks 12%, Coinbase and Strategy Tumble 10% as Bitcoin Slide Hits Crypto Stocks
Bitcoin and crypto stocks fell as $950 million in leveraged positions were liquidated, deepening losses after a broad Nasdaq-led sell-off.
- 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.
162 Articles
162 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 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.
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…
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