BUSINESS TIMES SG · 2026-11-15 04:14 UTC

Bitcoin hits four-month low as sell-off wipes out US$2 billion in crypto bets

Bitcoin fell 5.7% in the US on Saturday Nov 14 and slid further in Asia on Sunday to as low as US$62,112, its weakest since Jul 14. Ether dropped to US$1,711 on Sunday, its lowest since Jul 8, and about US$2 billion of crypto positions were liquidated over 24 hours. US spot Bitcoin ETFs recorded almost US$3 billion in net outflows from Oct 30 through Nov 13, and Bitcoin has slumped about 25% since Oct 21.

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