A liquidation cascade just wiped out billions in leveraged bets, and Ethereum has already cracked a level Bitcoin is still defending. Analysts are now arguing over which line decides whether the sell-off ends or the real damage begins.
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Bitcoin (CRYPTO: BTC) closed at $74,740 on November 8, 2026, marking its lowest daily close since it finished at $73,021 on August 20. Similarly, Ethereum (CRYPTO: ETH) ended at $2,124, its lowest since closing at $1,916 on August 18. Since then, both cryptocurrencies have bounced only slightly, with Bitcoin climbing to about $75,034 and Ethereum to approximately…
