BTCUSD News Today, Nov 21: $1.7B Crypto Liquidations Shake Bitcoin
Bitcoin’s recent turmoil in the crypto market has stirred investors across Great Britain. On November 21, Bitcoin saw a dramatic drop, falling below £66,000 due to a staggering $1.7 billion in liquidations. This included $964 million merely from Bitcoin liquidations. As a consequence, market sentiment has become shaky, reflecting broader fears of a crypto market crash.
Bitcoin Liquidation Effects on Market
Bitcoin liquidation is significantly impacting the crypto market. The recent sell-off led Bitcoin to drop below £66,000. This exemplifies how liquidation pressures can swiftly affect prices. Nearly $2 billion in crypto assets were liquidated, with Bitcoin accounting for a considerable share.
