• 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

U.S. Home Listings Reach Record $698B Amid Demand Decline

by shark
June 3, 2025
0

The U.S. housing market sees an all-time high with $698 billion worth of homes listed for sale, reflecting increased inventory...

Sberbank Introduces Bitcoin-Linked Structured Bonds in Russia

by shark
June 3, 2025
0

Sberbank launches structured bonds tied to Bitcoin and USD/RUB rates in Russia.

Strategy & Metaplanet Secure $200M in Bitcoin Amid Market Correction

by shark
June 3, 2025
0

MicroStrategy's Michael Saylor and Metaplanet's Simon Gerovich lead significant Bitcoin acquisitions totaling $200 million amid a market correction.

Elon Musk’s XChat Faces Cryptography Scrutiny After Launch

by shark
June 3, 2025
0

Elon Musk announced the launch of XChat on June 2, 2025, sparking controversy with claims about 'Bitcoin-style encryption'.

Circle Upsizes IPO, Valuation Exceeds $6 Billion

by shark
June 3, 2025
0

Circle Internet Financial has increased its IPO to 32 million shares, raising the potential valuation to over $6 billion.

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

  • U.S. Home Listings Reach Record $698B Amid Demand Decline
  • Sberbank Introduces Bitcoin-Linked Structured Bonds in Russia
  • Strategy & Metaplanet Secure $200M in Bitcoin Amid Market Correction
  • Elon Musk’s XChat Faces Cryptography Scrutiny After Launch
  • Circle Upsizes IPO, Valuation Exceeds $6 Billion
  • Russia’s Sberbank Launches Bitcoin-Linked Structured Bonds
  • Top-Rated Cryptos in 2025: BlockDAG, Polygon, DOT, & Aptos
  • Shiba Inu Price Drops Amid Key Indicator Low
  • 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