On the night of November 15, the price of Bitcoin fell below $35,000. At the time of writing, the first cryptocurrency is trading around $35,600:
Against this background, the volume of liquidations in the futures market increased. Over the past 24 hours, this figure reached $304 million. In total, about 77,000 traders were liquidated. Most of the losses came from long positions.
The volume of liquidations on futures in the crypto-asset market. Source: CoinGlass.
Ethereum also failed to gain a foothold above $2,000; the asset is trading at around $1,980. It has lost almost 4% in value over the past 24 hours, according to Cryptorank.
In addition, most of the top 10 assets are in the red zone:
Top 10 crypto assets by market capitalization. Source: CryptoRank.
Note that against the background of this correction, the capitalization of the cryptocurrency market also decreased. At the time of writing, this figure is about $1.34 trillion:
Capitalization of the cryptocurrency market. Data: tradingview.
On November 9, 2023, the Bitcoin rate crossed $37,000.
Source: Cryptocurrency
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