Bitcoin Dips Below $67,000 Amid Market Sell-Off
Daily liquidations of leveraged positions hit $700 million as major cryptocurrencies retreat.
The cryptocurrency market is facing a new wave of devaluation as the weekend begins. Bitcoin has retreated to levels below $67,000 for the first time since mid-August.
Selling pressure intensified following the release of higher-than-expected inflation data and the resignation of Jensen Huang. This downward movement wiped out approximately $110 billion from the total sector value in just two days.
XRP lost its psychological support of $1 and reached $0.984 this morning. Ethereum also suffered a significant impact as it fell below $1,900 after trading near $2,500 in early November.
The total market capitalization of crypto assets now stands at $2.33 trillion. Bitcoin's dominance over altcoins has dropped to 59.5% amid a risk-off environment.
The volume of liquidations for leveraged positions reached nearly $700 million over the last 24 hours. Most mid and low-cap assets are following the negative performance of the major coins.
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