BTC, ETH, XRP Crash Again as Liquidation Wave Hits $1B

The single-largest liquidated order was worth almost $50 million and involved the ETH/USDT pair. The cryptocurrency market has started the new business week on the wrong foot again, with BTC tanking to a fresh multi-month low of $73,500. This time, the leading altcoin has been hit even harder, as it came just inches away from plunging below $2,000 for the first time since mid-August. Crypto Market in Shambles Again November has been quite painful for the entire market, which already ended October with massive declines, especially following the massive Binance hack at the end of the month. Last week brought another highly volatile session after the conclusion of the US midterms, in which BTC first dipped from $78,000 to $75,600, before it exploded to $81,000, only to be rejected again and to crash below $75,000. It rebounded over the weekend and remained relatively stable at $76,000 despite the new attacks between the US and Iran. However, the fluctuations returned on Monday morning and, unlike most previous examples, the bears were in control again. Hours ago, BTC crumbled to its lowest levels since the breakout rally began in mid-August at $73,500. Despite recovering some ground s...