• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

More than $260 million was liquidated as the cryptocurrency industry corrected

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Bitcoin and main altcoins have corrected right after a streak of development to new 2023 highs.

Volatility of the most important cryptocurrencies on the industry as of 08:00 on November 15, 2023. Source: Coin360

On the evening of November 14 and the morning of November 15, Bitcoin (BTC) fell from the USD 36,700 assortment to USD 34,800, with income volume skyrocketing.

Previously, the world’s greatest cryptocurrency has had a series of sturdy rallies and development because late October, with momentum coming from the prospect of a Bitcoin ETF from Wall Street monetary giants. BTC even set a new peak for 2023 on November 9 at USD 37,972, the highest worth threshold because May 2022, in advance of the LUNA-UST crash occurred.

1h chart of the BTC/USDT pair on Binance at 08:00 on November 15, 2023

There is no certain information that led to the aforementioned downward motion in Bitcoin costs. The most pertinent facts is that on the evening of November 14, the United States announced the client selling price index (CPI) information for October 2023, with the outcome that the inflation scenario has not modified significantly, but has has moved, nevertheless remaining all over the three% region.

US CPI: +three.two% Yr (EST. +three.three%)
US CORE CPI: +four% Yr (EST. +four.one%)

— Tree News (@News_Of_Alpha) November 14, 2023

Other main altcoins are also impacted by Bitcoin’s decline. Ethereum (ETH) fell to $one,936 right after setting a new 2023 substantial of $two,136 on Nov. ten on information that BlackRock announced a proposal to build a spot ETF.

1h chart of the ETH/USDT pair on Binance at 08:00 on November 15, 2023

Solana (SOL), the foremost coin which has grown up to 190% in the final thirty days, nevertheless stays steady all over the USD 57 selling price assortment.

four-hour chart of SOL/USDT pair on Binance as of 08:00 November 15, 2023

Settlement information from Coinglass demonstrates that a lot more than $260 million in derivative orders have been settled in the previous twelve hrs, of which BTC and ETH account for the vast majority. Of which, the percentage of extended orders is 89.62%.

Long-brief purchase settlement information on the cryptocurrency industry as of 08:00 on November 15, 2023. Photo: Coinglass

Coinlive compiled

Maybe you are interested:

Join the discussion on the hottest problems in the DeFi industry in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!

Related articles

Solana up 7% despite market decline: What's next for SOL?

Solana up seven% regardless of industry decline: What&#39s up coming for SOL?

March 16, 2024
Trends and forecasts

XRP: Market evaluation, trends and perspectives for traders

December 17, 2023

Tags: correctedCryptocurrencyliquidatedliquidationmarketmillionregular
Share76Tweet47

Related Posts

Bitcoin Drops Below $102,000 Amid Global Uncertainty

by shark
June 23, 2025
0

Bitcoin falls under $102,000 amid global concerns, with trading volume spikes highlighting market defense.

Flashbots Warns MEV Bots Undermine Blockchain Scaling Efforts

by shark
June 23, 2025
0

MEV spam bots occupy significant Solana blockspace, impacting network efficiency and transaction costs.

Haru Invest CEO Cleared of $650 Million Fraud

by shark
June 23, 2025
0

South Korean court acquits Haru Invest CEO of crypto fraud, impacting 6,000 investors.

Coinbase CEO Advocates Crypto for Global Economic Challenges

by shark
June 23, 2025
0

Brian Armstrong, CEO of Coinbase, discusses cryptocurrency's potential to address economic instability, rising debt, and inflation.

Bloomberg Raises Crypto ETF Approval Odds to 90%+

by shark
June 23, 2025
0

Bloomberg analysts forecast over 90% approval odds for crypto ETFs, boosting market optimism.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • 2M+ Miners, Zero coins: Why BlockDAG’s Demand Curve Could Reshape Crypto Launches
  • Bitcoin Drops Below $102,000 Amid Global Uncertainty
  • Flashbots Warns MEV Bots Undermine Blockchain Scaling Efforts
  • Haru Invest CEO Cleared of $650 Million Fraud
  • Coinbase CEO Advocates Crypto for Global Economic Challenges
  • Bloomberg Raises Crypto ETF Approval Odds to 90%+
  • Bybit Releases 24th Proof of Reserves Audit
  • Bitcoin’s Market Cap Surpasses Leading Global Banks’ Combined Value
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7