The crypto market has suffered another major selloff on Friday, November 13, with Bitcoin falling below $69,000, Ethereum losing $2,000 and several major altcoins posting losses of more than 6%.
Summary
- Bitcoin fell below $69,000 as Ethereum, XRP, Solana and other major cryptocurrencies recorded heavy losses.
- Glassnode reported stablecoin supply contracted $14.2 billion over 30 days, the fastest since June 2022.
- Nvidia’s leadership change and renewed Middle East tensions coincided with another selloff across cryptocurrency markets.
- US Bitcoin and Ethereum ETFs recorded substantial withdrawals as institutional demand remained weak during November.
- Glassnode identified…
