As reported by TheMarketPeriodical, the crypto market experienced a sharp decline in late November, with Bitcoin (BTC) falling 5.6% to $85,785, followed by similar drops in Ethereum (ETH), XRP, and Solana (SOL). The crash triggered $640 million in liquidations, with $565 million attributed to long positions. Analysts attribute the volatility to thin liquidity and heavy leverage, particularly during weekends. Despite the downturn, some analysts suggest signs of a potential Bitcoin bottom, citing on-chain indicators and structural resets. Meanwhile, gold and silver outperformed, with gold rising 6% and silver surging 17% in November.
Crypto Market Crash: BTC, ETH, XRP, SOL Drop 5-7%, Triggering $640M in Liquidations
TheMarketPeriodicalShare
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