Bitcoin fell to its lowest level in the past three months amid mass liquidations of trading positions in the cryptocurrency market. The value of the world’s largest cryptocurrency dropped to $63,311, while the total volume of liquidations over 24 hours approached $1.9 billion. Bloomberg reports this, citing market data, writes UNN.

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On Saturday, November 14, bitcoin fell by 5.7%, and during Asian trading on Sunday it continued to decline by another 1.7%. Prices reached their lowest level since August 17.

Ethereum, the second-largest cryptocurrency by market capitalization, also suffered significant losses. Its value fell to $1,731—the lowest level since July 9.

According to the analytical platform Coinglass, over a 24-hour period,…