Published Sun, Nov 15, 2026 · 12:14 PM

CRYPTOCURRENCIES tumbled over the Nov 14-15 weekend, with Bitcoin slumping to a four-month low as leveraged long positions were liquidated.

The largest digital asset sank 5.7 per cent in the US on Saturday (Nov 14) and continued to drop in Asia on Sunday to as low as US$62,112, down a further 3.6 per cent and its weakest since Jul 14. Second-biggest token Ether, which slumped 8 per cent in the US session, fell another 3.4 per cent on Sunday to US$1,711, its lowest since Jul 8.

“I think this is a technical move, as Bitcoin broke down through its 200-day moving average of about US$73,000, which has caused a slew of liquidations and new shorts to develop,” said Rich Rosenblum, co-founder of crypto…