Bitcoin, Ethereum and Dogecoin Plunge as Crypto Liquidations Top $1.1 Billion
Update: 2025-11-03
Description
📣 Crypto Market Plunges: A Tough Start to November! 📉November kicked off with a harsh downturn in the crypto world, following a lackluster October. Bitcoin led the decline, dropping around 4%, while other coins plummeted even further. The pain didn't stop there; liquidations soared, wiping out over $1 billion in trading positions in just 24 hours.This sudden move caught many off guard, as it contrasted with the rising stock indices like the S&P 500 and Nasdaq. Analysts suggest that pressure could be coming from US traders selling Bitcoin and early signs of weakness in Ethereum. With upcoming US jobs numbers and interest rate hike concerns, the crypto market remains tense, and investors eagerly await the next developments.
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