Crypto crash wipes out $954M in longs as Bitcoin falls below $76K

Bitcoin has fallen below $76,000 on Nov. 5 as a cryptocurrency selloff has wiped out $954.38 million in leveraged long positions, pushing total 24-hour liquidations to $1.08 billion. Summary $954.38 million in long positions were liquidated, compared with $127.30 million in shorts. Bitcoin fell 5.8%, while Ethereum and Solana lost 7.5% and 7.9%, respectively. Coinbase and Strategy dropped around 10%, with several mining stocks recording larger losses. Gold held gains as cryptocurrency prices and U.S. technology shares declined. According to CoinGecko, Bitcoin fell 5.8% over the past 24 hours to $75,954, while Ethereum dropped 7.5% to $2,251 and Solana lost 7.9% to trade at $89.16. The total crypto market cap declined 4.6% to approximately $2.66 trillion. The retreat followed an earlier recovery above $80,000, reversing gains that had brought Bitcoin back from its election-week lows. XRP fell 6.1% to $1.23, BNB dropped 3.9% to $691.42, and TRON lost 1.1% to $0.3167. Zcash declined 5.3% to $1,242.29. Among the ten largest assets by market capitalization, Figure Heloc moved against the selling, gaining 1.6%, while USDT and USDC remained close to their dollar pegs. Crypto liquidations ...